Commodity Market Report
North America gas weekly update: More delays crush Henry Hub gas prices
Report summary
Prompt January 2023 Henry Hub gas prices that rallied strong entering Thanksgiving weekend, on anticipation of colder weather and Freeport LNG’s restart in mid-December, have now been crushed by over $2/mmbtu, with cash prices heading even lower. Heating load requirements have underperformed with no significant cold risks for the remainder of December. Freeport LNG has once again delayed its restart guidance to yearend. Read the weekly natural gas commodity market report to answer the following questions: • Will Freeport LNG really restart at yearend? • How will short-term weather impact heating loads? • Will the storage deficit narrow or widen?
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