Commodity Market Report
North America gas markets weekly update: a new hope
Report summary
What has changed since the start of 2021 in North America gas markets? • Short-term weather forecasts regained some heating degree days, if only to get us back to normal. • More importantly, news of a weakening polar vortex, which has historically been linked to colder weather. • Week over week, market fundamentals shifted tighter, as supply remained relatively unchanged but heating loads increased. • Global markets support full utilization of LNG exports, as Northeast Asian cold continues to attract higher priced cargoes and European gas storage continues to be drawn down
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