Commodity Market Report
North America gas short-term outlook March 2019: Winter end of season storage at the lowest levels since the 2013/14 Polar Vortex
Report summary
Colder weather since the second half of February has drawn storage down to its lowest level since the Polar Vortex winter of 2013/2014, and the forward curve is showing some spring in its step. A higher Henry Hub would have to negotiate power burns carefully, and production so far this year hasn't shown the same enthusiasm that it finished off 2018 with. And there might be enough pressure on global prices to slow LNG export growth over the summer. It will be quite the tightrope to walk.
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