Commodity Market Report

North America gas markets short-term outlook October 2017: supply keeps prices near current levels this winter

Get this report

$1,800

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

24 October 2017

North America gas markets short-term outlook October 2017: supply keeps prices near current levels this winter

Report summary

The winter strip has been revised up from the previous short-term update, although it is still lower than the current NYMEX. However there are a few things we're watching that could bring upside: Rig additions in the Northeast might be lower than expected if producers draw from DUC wells Canadian imports might disappoint due to lower capital guidance from producers Power burns could surprise the market as power demand shows resilience and hydro returns to normal. In 2018, expect supply to surge as 6.5 bcfd of new Northeast pipeline capacity comes online. The power market will offer demand support from coal retirements and lower levels of contracted coal. We see even more supply coming online in 2019 but delays in US export LNG facilities will make it difficult to take advantage of global demand.

Table of contents

    • Supply will surge in 2018, but the sentiment has become more measured
    • 2019: The optimism in the global market may not benefit the US export projects
    • Storage
    • Permian and SCOOP-STACK are not just about the oil.
    • Industrial
    • Power
    • Outlook
    • Northeast
      • Basis outlook
      • Pipeline build outlook
    • Canada
    • Mexico

Tables and charts

This report includes 14 images and tables including:

  • Key supply metrics and indicators
  • Short-term price outlook
  • Henry Hub price outlook
  • US supply-demand outlook (bcfd)
  • Weather adjusted injections 2 bcfd below normal
  • The map below shows the boundaries of our SCOOP-STACK sub-plays. The SCOOP Core, STACK Oil, Northeast STACK and Cana Wet Gas subplays are further split by reservoirs for our analysis.
  • Permits filed by reservoir-type
  • Implied prices on hedges added during Q1 2017
  • Feedgas projections by terminal
  • Canada supply-demand outlook (bcfd)
  • Mexico supply-demand outlook (bcfd)
  • Regional: Image 1
  • Regional: Image 2
  • FERC certificates for Northeast pipeline projects in 2017: scheduled vs issued

What's included

This report contains:

  • Document

    Basis Outlook.xls

    XLS 132.00 KB

  • Document

    Demand Detail.xls

    XLS 698.00 KB

  • Document

    Industrial Index.xls

    XLS 124.00 KB

  • Document

    LNG Detail incl Export.xls

    XLS 227.50 KB

  • Document

    NGL Price Outlook.xls

    XLS 228.00 KB

  • Document

    Northeast Takeaway Capacity.xls

    XLS 511.00 KB

  • Document

    Power Demand Curve.xls

    XLS 124.50 KB

  • Document

    Price Outlook.xls

    XLS 136.50 KB

  • Document

    Storage Outlook.xls

    XLS 156.00 KB

  • Document

    Supply Demand Balances.xls

    XLS 315.50 KB

  • Document

    Supply Detail.xls

    XLS 393.00 KB

  • Document

    North America gas markets short-term outlook October 2017: supply keeps prices near current levels this winter

    PDF 701.98 KB

  • Document

    North America gas markets short-term outlook October 2017: supply keeps prices near current levels this winter

    ZIP 2.22 MB

Other reports you may be interested in

Browse reports by Industry Sector