Commodity Market Report
North America gas markets short-term outlook: Record LNG and Mexican exports support Henry Hub gas prices
Report summary
The US is now the second largest global gas exporter, thanks largely to record LNG and Mexican outflows. Add in gas destined for Canada, and the US is currently exporting over 20 bcfd. This is expected to grow even higher in the future, lending support to Henry Hub gas prices. Higher prices will likely lead to reversals in economic coal-to-gas displacement, though, throughout the injection season. Our end of season projection is around the five-year average currently, likely limiting Henry Hub upside for this summer. What about the winter, though? Continued capital discipline from producers, and potential new LNG, could tighten the balances into a large deficit.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
North America gas short-term outlook: Henry Hub generates support while Waha falls into an abyss
Can prices rebound to $3/mmbtu by the start of winter?
$2,000
Commodity Market Report
North America coal short-term outlook March 2024
Weak coal generation is on the cards for spring, as gas prices finish their winter collapse.
$5,000
Commodity Market Report
North America gas short-term outlook: Summer 2024 prices need to stay lower for longer
Unwinding of supply and demand response would result in fall storage containment
$2,000