Commodity Market Report
North America gas weekly update: A colder close out to the winter
Report summary
After momentarily falling under $2/mmbtu, prompt month Henry Hub gas prices have recovered near $2.75/mmbtu. A weather pattern change expected to bring colder temperatures by the second week of March, Freeport LNG’s restart, high gas generation versus coal, and producers signaling lower activity levels have all been supportive. North American gas markets ask: • Will heating degree days see a late-season surge? • Will Freeport LNG quickly ramp up activity at all three trains? • Can gas generation continue to take away market share from coal? • Are more producers set to guide reduced activity levels?
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