North America gas markets short-term outlook January 2020: the race to the bottom
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
- The race to the bottom has started with hopes of a return to normal winter weather erased. Time is running out with few remaining peak heating demand days as short-term weather forecasts now extend into early February. However, current low gas prices below $2/mmbtu are unsustainable. Both supply and demand sensitivity to low prices are occurring. US gas production has been in decline and projected to continue throughout 2020. Already record high power demand levels are expected to increase further with additional coal-to-gas displacement. Add in record levels of LNG and Mexican exports and a more constructive fundamental picture is painted for next winter and beyond.
- Low Permian and Northeast prices further pressure production, while Canadian producers may benefit from stronger AECO basis.
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Race to the bottom: North American power markets on a course not readily reversible
On March 30, 2017 the NAPRS presented an hour-long webinar on the issues impacting regional power markets, now available for download.
$1,050North America gas markets new industrial capacity update Q3 2016
Wood Mackenzie tracks gas-intensive projects that materially impact US and Canadian demand.
$950North America gas markets new industrial capacity update Q2 2017/Q3 2017
Wood Mackenzie tracks gas-intensive projects that impact US and Canadian demand. This update includes impacts from Hurricane Harvey.
$950