Commodity Market Report
North America gas weekly update: Up
Report summary
Despite oil prices breaching above $100/bbl, the highest cost hydrocarbon molecule is not oil but gas. European TTF prices spiked up again to near $40/mmbtu. In simple 6:1 btu energy equivalency, that would imply $239/bbl. Henry Hub at $4.57/mmbtu seems like a bargain. Will North America gas production start growing again significantly through the drill bit? Likely, more muted due to global turmoil and uncertainties but capital discipline may be increasingly tougher to maintain. Fundamentally, both North America production and LNG exports are well “in the money”. However, while the former has capacity to grow the latter is more constrained at least for the time being.
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 weekly update: LNG underperformance ending
Welcome back Freeport LNG
$1,700
Commodity Market Report
North America gas weekly update: Freeport LNG woes continue
Higher injections lie ahead amid mild shoulder season demand
$1,700
Commodity Market Report
North America gas weekly update: Injection season begins
Higher injections lie ahead amid mild shoulder season demand
$1,700
