Commodity market report

North America gas markets short-term outlook March 2017: Winter finally arrives in March, prices are stronger after balmy Feb

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Report summary

The recent cold snap revived demand and gas prices. Watch for an April average price of $3.00/mmbtu as Sabine Pass train 4 commissioning increases LNG net exports Mexican exports ramp up seasonally and coal plants go offline for maintenance. Lower Northeast production supported prices as supplies declined last month despite high regional prices. However drilling is ramping up; we saw major activity in Haynesville and Cotton Valley as they added 30 rigs and prices support further additions although supply will take a while to catch up. During March wind generation greatly exceeded 2016 levels and wind could continue to influence gas prices as much as temperature this shoulder season.

What's included

This report contains

  • Document

    Basis Outlook.xls

    XLS 130.00 KB

  • Document

    Demand Detail.xls

    XLS 670.00 KB

  • Document

    Industrial Index.xls

    XLS 121.00 KB

  • Document

    LNG Detail incl Export.xls

    XLS 220.50 KB

  • Document

    NGL Price Outlook.xls

    XLS 116.50 KB

  • Document

    Northeast Takeaway Capacity.xls

    XLS 496.00 KB

  • Document

    Power Demand Curve.xls

    XLS 124.50 KB

  • Document

    Price Outlook.xls

    XLS 136.00 KB

  • Document

    Storage Outlook.xls

    XLS 149.00 KB

  • Document

    Supply Demand Balances.xls

    XLS 306.00 KB

  • Document

    Supply Detail.xls

    XLS 278.50 KB

  • Document

    North America gas markets short-term outlook March 2017: Winter finally arrives in March, prices are stronger after balmy Feb

    PDF 431.12 KB

  • Document

    North America gas markets short-term outlook March 2017: Winter finally arrives in March, prices are stronger after balmy Feb

    ZIP 1.88 MB

Table of contents

  • Executive summary
  • Infrastructure
  • Supply
  • Demand
  • LNG
  • Regional

Tables and charts

This report includes 14 images and tables including:

Images

  • Lower 48 dry gas production forecast
  • Henry Hub price outlook
  • Weather adjusted withdrawals still strong
  • Leading indicators
  • Feedgas projections by terminal
  • Basis outlook

Tables

  • Key supply metrics and indicators
  • Short-term price outlook
  • US supply-demand outlook (bcfd)
  • US storage inventories (bcf)
  • Northeast pipelines with FERC certificate but state permit delays
  • Canada supply-demand outlook (bcfd)
  • Major projects
  • Mexico supply-demand outlook (bcfd)

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