Commodity Market Report
North America gas markets short-term outlook January 2018: no, not a polar vortex
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The gas market witnessed a number of new records in the last four weeks: the coldest gas-weighted week this century, the first EIA storage withdrawal that exceeded 300 bcf, and the highest spot prices ever at over $100/mmbtu on the eastern seaboard—all on the back of record US gas production before winter freeze-offs. With the inventory levels near the five-year low set in 2014 and the $0.80 rally since early January, some are comparing this year to the "polar vortex" winter. That year the March contract rose as high as $6.80, more than $2.00 higher than it had been earlier in the winter. What is the likelihood that we're in for a repeat this year? Not very high.
Table of contents
- Executive summary
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Infrastructure
- Storage
- Supply
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Demand
- Power
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LNG
- Cove: to export, or not to export?
- Sabine Pass: feedgas dips
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Regional
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Northeast
- Basis outlook
- Pipeline build outlook
- Canada
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Mexico
- Mexico supply-demand outlook (bcfd)
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Northeast
Tables and charts
This report includes the following images and tables:
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Short-term price outlookHenry Hub price outlookUS supply-demand outlook (bcfd)
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Key supply metrics and indicatorsLower 48 dry production forecastInfrastructure: Image 1US storage inventories (bcf)Feedgas projections by terminalCanada supply-demand outlook (bcfd)Basis outlookRover Ohio receiptsRover Ohio deliveries
- 2 more item(s)...
What's included
This report contains:
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