Commodity Market Report

North America gas markets long-term outlook H2 2020 Highlights

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23 December 2020

North America gas markets long-term outlook H2 2020 Highlights

Report summary

As we approach 2021, early distribution of coronavirus vaccines has provided greater certainty around the pace of economic recovery. As economic growth resumes, we expect North America producers to benefit from rising global gas demand that will keep North American LNG facilities running near full seasonally-adjusted capacity levels in the near- to medium-term even as additional trains come online. The rising demand will fuel North America supply, which is not expected to reach its peak until the mid-2040s at around 145 bcfd – a 40 bcfd increase from today’s level – as we remain optimistic about the future of global LNG demand and exports out of North America. Our H2 long-term outlook forecast horizon has been extended to 2050 and incorporates energy transition themes into our forecast, such as deep renewable penetration, the rise of hydrogen and electrification in the residential and commercial sector.

Table of contents

  • Model assumptions and updates
  • Supply
  • Non-associated gas
  • Residential and commercial demand
  • Industrial demand
  • Power
  • Permian
  • Northeast
  • Gulf Coast
  • Mid-Continent
  • Midwest
  • Rockies and West Coast
  • Southeast
  • Canada
  • Mexico
  • Gas price forecast

Tables and charts

This report includes 5 images and tables including:

  • Associated gas production by play
  • Non-associated gas by play
  • Cumulative new industrial capacity (bcfd)
  • US power generation by source
  • North America gas price forecast

What's included

This report contains:

  • Document

    North America gas markets long-term outlook H2 2020 Highlights

    PDF 980.14 KB

  • Document

    North America LNG Imports Exports H2 2020

    XLSX 1.63 MB

  • Document

    North America Production Demand Prices H2 2020

    XLSX 562.62 KB