Insight
North America Gas: 2019 in review
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
2019 was a key year for the North American gas market full of record accomplishments. The power and LNG export sectors saw the highest demand in history due to coal-to-gas switching and new LNG train start-ups. However, this was not enough to absorb the record production that was also seen on the supply side. The rapid growth in associated gas production from the Permian basin overwhelmed the US gas markets and the Henry Hub gas prices fell and searched for a new floor. In this review, we outline five key developments that shaped the North American gas market in 2019.
Table of contents
- 1. Another year of significant US production growth
- 2. Permian capacity constraints result in extremely negative local prices
- 3. Record year for LNG in FIDs and train start-ups
- 4. Low gas prices lead to another record year for power demand
- 5. Infrastructure delays continue and opposition spreads
Tables and charts
This report includes the following images and tables:
- Year-over-year production growth
- Waha price in 2019
What's included
This report contains:
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