With milder weather predicted in the weeks ahead, and some stabilization and modest recovery on the supply side, Henry Hub prices are not expected to recover much through the balance of the season despite very low weather-adjusted injections. Watch for average September and October prices of $2.60/mmbtu and $2.70/mmbtu, and a 3.89 tcf end-of-season inventory level. Despite recent producer guidance toward higher US gas production in 2017, some tightening in global LNG markets driven by steep declines in Chinese coal production means next year's Henry Hub price is expected to average about $3.75/mmbtu.
This report includes 12 file(s)
North America gas markets short-term outlook August 2016 PDF - 1.17 MB 20 Pages, 6 Tables, 9 Figures
Basis Outlook.xls XLS - 132.50 KB
Demand Detail.xls XLS - 670.00 KB
Industrial Index.xls XLS - 121.00 KB
LNG Detail incl Export.xls XLS - 230.00 KB
NGL Price Outlook.xls XLS - 116.00 KB
Northeast Takeaway Capacity.xls XLS - 486.50 KB
Power Demand Curve.xls XLS - 113.50 KB
Price Outlook.xls XLS - 137.50 KB
Storage Outlook.xls XLS - 151.50 KB
Supply Demand Balances.xls XLS - 305.50 KB
Supply Detail.xls XLS - 366.50 KB
Volatility in oil markets and the growth of unconventional gas supply have created a high degree of uncertainty about future gas demand and the direction of gas prices.
This Gas Markets Short Term Outlook report forecasts future pricing, based on deep analysis of gas supply and demand fundamentals. Additionally, it addresses complex questions on gas flows, identifies future opportunities and informs fuel purchasing strategies.
Participants and investors can use this short term outlook report to understand gas markets and assess the impact of global gas dynamics and key market drivers.
Wood Mackenzie provides detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.
If you want to understand complex gas market dynamics and plan for the future, Wood Mackenzie is the premier resource to help you gain a clear, competitive advantage.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
Having Wood Mac analysis is table-stakes. Others are nice to have.
Analyst Metal Mining Producer
Wood Mac has the highest quality data and is demanded by our staff.
Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
Commodity market report | Aug 2016
North America gas markets short-term outlook August 2016
Have questions? Just let us know how to contact you and we will respond to you as soon as possible.