Insight
North America gas: 2023 in review
Report summary
As supply and demand rebalanced in the North American gas market in 2023, Henry Hub retreated materially from previously elevated levels. Robust US gas supply and record power demand battled on each side of market fundamentals. Meanwhile, investments in future LNG exports, pipeline infrastructure and lower-emission forms of natural gas set the stage for market development in coming years. Our North America gas 2023 review highlights the market fundamentals, price impacts and key trends over the past year, including: • The substantial retreat of Henry Hub prices • LNG export investments and contracting • Pipeline completions and permitting in key growth regions • Momentum in the renewable and certified gas sectors
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