Commodity market report

North America gas markets short-term outlook November 2016

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Report summary

Despite the full storage reservoirs, fundamentals and weather indicators suggest upside to Henry Hub prices through the winter. Lower 48 production is stalled and Canadian imports are declining, while Sabine Pass, new pipelines to Mexico, high industrial demand and a rebound in heating loads look to increase demand. The weaker 2017 natural gas and oil strips could dampen further hedging and their accompanying rig additions, as well as discourage coal contracting, even if the coal industry could recover enough capacity to meet demand. The delay or lack in supply would meet an ever-expanding demand, leading to a high Henry Hub average for 2017.

What's included

This report contains

  • Document

    Basis Outlook.xls

    XLS 131.50 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 497.00 KB

  • Document

    Power Demand Curve.xls

    XLS 114.00 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 276.50 KB

  • Document

    North America gas markets short-term outlook November 2016

    PDF 503.58 KB

  • Document

    North America gas markets short-term outlook November 2016

    ZIP 1.95 MB

Table of contents

    • Prices strengthen in 2017
    • Can coal recover?
  • Infrastructure
  • Supply
    • Industrial
      • Natural gas generation balances get a temporary respite from increasing renewable build-out in November
  • LNG
    • Basis outlook
    • Pipeline build outlook
    • Pipeline outages and flows

Tables and charts

This report includes 13 images and tables including:


  • Supply-demand imbalance is about 2.9 bcfd tighter than normal
  • Lower 48 dry gas production forecast
  • Feedgas projections by terminal
  • Henry Hub price outlook
  • Leading indicators
  • Basis outlook


  • US storage inventories (bcf)
  • Key supply metrics and indicators
  • Short term price outlook
  • US supply-demand outlook (bcfd)
  • Delays to FERC certificate: scheduled vs issued
  • Canada supply-demand outlook (bcfd)
  • Mexico supply-demand outlook (bcfd)

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