Commodity market report
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18 Pages

North America gas markets short-term outlook November 2016

North America gas markets short-term outlook November 2016

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 includes 12 file(s)

  • North America gas markets short-term outlook November 2016 PDF - 503.58 KB 18 Pages, 7 Tables, 6 Figures
  • Basis Outlook.xls XLS - 131.50 KB
  • Demand Detail.xls XLS - 670.00 KB
  • Industrial Index.xls XLS - 121.00 KB
  • LNG Detail incl Export.xls XLS - 220.50 KB
  • NGL Price Outlook.xls XLS - 116.50 KB
  • Northeast Takeaway Capacity.xls XLS - 497.00 KB
  • Power Demand Curve.xls XLS - 114.00 KB
  • Price Outlook.xls XLS - 136.00 KB
  • Storage Outlook.xls XLS - 149.00 KB
  • Supply Demand Balances.xls XLS - 306.00 KB
  • Supply Detail.xls XLS - 276.50 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
    • Prices strengthen in 2017
    • Can coal recover?
  • Infrastructure
  • Supply
  • Demand
    • Industrial
    • Power
      • Natural gas generation balances get a temporary respite from increasing renewable build-out in November
  • LNG
  • Regional
    • Basis outlook
    • Pipeline build outlook
    • Pipeline outages and flows

In this report there are 13 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 2.9 bcfd tighter than normal
    • US storage inventories (bcf)
  • Supply
    • Key supply metrics and indicators
    • Lower 48 dry gas production forecast
  • Demand
    • Leading indicators
  • LNG
    • Feedgas projections by terminal
  • Regional
    • Basis outlook
    • Delays to FERC certificate: scheduled vs issued
    • Canada supply-demand outlook (bcfd)
    • Mexico supply-demand outlook (bcfd)
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