Commodity Market Report
North America gas short-term outlook: Winter arrives
Report summary
After a mild start to the winter, colder than normal temperatures are blanketing North America and increasing heating loads. However, persistence of significant cold into December is not currently forecast. Henry Hub gas prices that have rallied above $6/mmbtu will increasingly be pressured by higher supply and the uncertainty around Freeport LNG’s restart. After a period of imbalance, North America gas markets are returning to more a fundamentally balanced state. As supply growth starts to outpace demand growth, gas prices will head lower. We look into the following key North America gas market fundamentals this month: • Impact of a further Freeport LNG restart delay • Elevated gas burns and the path to thermal coal stockpile normalization • A world class industrial facility comes online with even a larger one announced
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: Can Henry Hub prices withstand seasonal demand decline?
Storage injections begin fall ramp-up
$2,000
Insight
North America gas pipeline project tracker
Wood Mackenzie's Q3 2023 update to the regulatory status of North America gas pipeline projects, including rates and a shipper database.
$950
Commodity Market Report
North America gas weekly update: Higher oil prices and new takeaway support Permian growth
Power demand will need to be replaced by another market-tightening fundamental
$1,700