×

We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 

Insight

Reconnected

Get this report

$950

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- FAQs about online orders
- Find out more about subscriptions

20 April 2022

Reconnected

Report summary

Henry Hub gas prices have meteorically risen to its highest levels since 2008 piercing through $8/mmbtu, a more than doubling since its January contract expiry. Price volatility has increased very early into the summer injection season with market fears on the adequacy of storage refill prior to the upcoming winter. North America is not running out of low cost gas supply. However, its ability to correct market imbalances in the short-term has been seriously impaired due to a more muted production response and seemingly disappearing elasticity of economic gas-to-coal displacement at higher prices. Without a significant supply and demand response, Henry Hub gas prices are searching for a new ceiling to help balance markets. It has reconnected to its correlation with even higher global gas prices to prepare for the risk of the need to push back LNG export volumes back into the domestic grid as its last resort.

Table of contents

  • No table of contents specified

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Reconnected.pdf

    PDF 997.25 KB