Commodity market report
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17 Pages

North America gas markets short-term outlook March 2016

North America gas markets short-term outlook March 2016

Report summary

After a warm winter and a mild March, one of the questions on everyone's mind is the storage surplus, which is close to the 2012 record at 845 bcf above the five-year average. The market will have to be 1.8 bcfd tighter on average over the injection season to manage the surplus. We think this is certainly possible, as power looks to burn more, LNG and Mexican imports ramp up, and production will fall. So long as weather holds close to seasonal norms, prices are more likely to strengthen from today's cash levels than to weaken through April and May.

What's included?

This report includes 12 file(s)

  • North America gas markets short-term outlook March 2016 PDF - 505.43 KB 17 Pages, 6 Tables, 6 Figures
  • Basis Outlook.xls XLS - 128.50 KB
  • Demand Detail.xls XLS - 755.00 KB
  • Industrial Index.xls XLS - 121.50 KB
  • LNG Detail incl Export.xls XLS - 230.50 KB
  • NGL Price Outlook.xls XLS - 104.50 KB
  • Northeast Takeaway Capacity.xls XLS - 460.50 KB
  • Power Demand Curve.xls XLS - 102.50 KB
  • Price Outlook.xls XLS - 135.00 KB
  • Storage Outlook.xls XLS - 142.50 KB
  • Supply Demand Balances.xls XLS - 313.50 KB
  • Supply Detail.xls XLS - 451.00 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.

  • Executive summary
    • No spring thaw in price
    • Injection season: working down the surplus
  • Infrastructure
    • Storage
  • Supply
  • Demand
    • Industrial
    • Residential and Commercial
    • Power
  • LNG
  • Regional
    • Northeast
      • Pipeline delays
      • Drilling and prices in 2017
    • West
    • Canada
    • Mexico

In this report there are 12 tables or charts, including:

  • Executive summary
    • Short term price outlook
    • Henry Hub price outlook
    • US supply-demand outlook (bcfd)
  • Infrastructure
    • Supply-demand imbalance is about 1.6 bcfd tighter than normal
    • US storage inventories (bcf)
  • Supply
    • Key supply metrics and indicators
    • Potential gas shut-ins
    • Lower 48 dry gas production forecast
  • Demand
    • Demand: Image 1
  • LNG
    • LNG feed gas expectations
  • Regional
    • Canada supply-demand outlook (bcfd)
    • Mexico supply-demand outlook (bcfd)
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