EIA estimates that US exported 7.2 bcf/d of LNG in October, an increase of 2.3 bcf/d from September—the largest month-on-month increase since US LNG exports began in 2016. Q4 Henry Hub spot forecast up 25 cents to $2.93/MMBtu. The prices have risen from $1.79 per million British thermal unit (MMBtu) on May 27, 2016, to $2.78/MMBtu as of June 22, the EIA said. Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. November 25, 2020. Concurrently, the New York Mercantile Exchange (Nymex) … Chart. While a colder-than-average November pushed Henry Hub prices up to $2.64/MMBtu, "EIA expects US benchmark Henry Hub spot prices to average $2.45/MMBtu in 2020, down 14 cents from the 2019 average, as US production continues at a record level," said EIA Administrator Linda Capuano. September 12, 2019 EIA forecasts that Henry Hub natural gas spot prices will average $2.50 per million British thermal units (MMBtu) in the second half of 2019 and $2.77/MMBtu in 2020. However, because EIA forecasts less US natural gas production this winter than last winter, EIA forecasts that inventory draws will outpace the 5-year average during the heating season (October–March) and end March 2021 at 1.5 tcf, which would be 16% lower than the 2016–20 average. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. While spot margins are likely to remain challenged by weak demand, the case is building for a rally in deferred margins, Morgan Stanley said. This week, Henry Hub natural gas active futures have fallen 13.8%. Henry Hub spot prices are expected to rise to a monthly average of $3.42/MMbtu in January 2021, the US Energy Information Administration noted in its the latest Short-Term Energy Outlook. The agency raised its gas consumption estimates 0.51 Bcf/d to 105.05 Bcf/d for Q1, but kept its Q2 demand forecast roughly flat, lowering it only 0.01 Bcf/d to 74.7 Bcf/d. Statista. Natural Gas. The Organization of the Petroleum Exporting Countries and allied oil producers including Russia (OPEC+) agreed to increase collective oil output by 500,000 b/d from January 2021 and will meet monthly thereafter to discuss further adjustments. According to the short-term energy outlook by EIA, natural gas spot prices at Henry Hub will average $2.33 per million British thermal units (MMBtu) in 2020 and $2.54 per MMBtu in 2021. US petroleum demand, as measured by total domestic petroleum deliveries, was 18.8 million b/d and reflected a 5.5% increase from September but a decrease of 9% compared with October 2019, according to API's latest monthly statistical report. Higher global forward prices for LNG indicate improving netbacks for buyers of US LNG in European and Asian markets for the upcoming winter season. EIA expects Henry Hub spot prices to reach a monthly average of $3.10/MMBtu in January 2021. Includes hydropower, solar, wind, geothermal, biomass and ethanol. Every year since 2015, the value of US energy exports to Mexico has exceeded the value of energy imports from Mexico. EIA expects that monthly average spot prices will remain higher than $3.00/MMbtu throughout 2021, averaging $3.14/MMbtu for the year, up from a forecast average of $2.14/MMbtu in 2020. The Henry Hub spot price in the United States in the week ending September 21 rose 10¢ from last Wednesday, the Energy Information Administration said in its weekly report. EIA: some Appalachian spot gas prices are well below Henry Hub October 16, 2014 Some natural gas prices at trading hubs in the Appalachian Basin’s Marcellus Shale play are trading well below the national benchmark spot price at the Henry Hub in Louisiana, the U.S. EIA said in a report. The US Energy Information Administration, in its August Short-Term Energy Outlook, trimmed the forecast for Q3 Henry Hub natural gas spot prices by 6 cents to $2.29/MMBtu. The Henry Hub price averaged $2.61/MMBtu in November, up 22 cents from October, EIA said, noting the increase was “moderated by significantly warmer … Release Date: 12/16/2020: Next Release Date: 12/23/2020: Referring Pages: Natural Gas Futures Prices (NYMEX) The price of natural gas went from 5.58 to 18.48 within a month. Prices: The front-month natural gas futures contract for delivery at the Henry Hub settled at $2.51 per million British thermal units (MMBtu) on December 3, which is down 74 cents/MMBtu from November 2 (Figure 7).The warmest November since 2001 lessened concerns of a tight natural gas market this winter and helped lower prices. Cove Point LNG completed its scheduled three-week annual maintenance and resumed LNG exports in mid-October. In its latest Short-Term Energy Outlook released on Tuesday, the agency said Henry Hub gas prices would average $2.99 per million British thermal units in 2018 and […] Dollars per Million British Thermal Units)." Bolivian gas will become a scarce commodity in coming years, presenting a challenge for Argentina and Brazil. The Henry Hub natural gas spot price in the United States averaged $2.82/MMBtu in August, unchanged from the July average, according to the Energy Information Administration. Source: EIA STEO . The expected decline in 2021 is the result of rising natural gas prices that will reduce demand for natural gas in the electric power sector. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. Higher natural gas spot prices reflected stronger demand for LNG exports as LNG terminals increased liquefaction following hurricane-related disruptions in August and September. The low price means savings for home owners and drivers – but benefits will fade away by the economic costs of both the viral outbreak and the collapse of gas prices. September 23, 2016 The Henry Hub spot price in the United States in the week ending September 21 rose 10¢ from last Wednesday, the Energy Information Administration said in its weekly report. The US Energy Information Administration (EIA) expects natural gas prices to stay low in the coming months before eventually increasing by the end of 2020. The natural gas basis reflects the difference between the price of … The agency projected an average of $2.45/MMBtu in 2020 for natural gas prices at Henry Hub, down 14 cents/MMBtu from the 2019 average. EIA: Difference In Appalachian, Henry Hub Prices Narrowing August 2, 2018 July 1, 2019 CT2 Staff The difference in price between Appalachian hubs and Henry Hub tends to follow a seasonal pattern, according to the U.S. Energy Information Administration. After a challenging year, refining news is turning more positive. EIA expects Henry Hub spot prices to reach a monthly average of $3.10/MMBtu in January 2021, which is down from the forecast January average price of $3.42/MMBtu in … All rights reserved. Joe Biden offered American voters a different vision of energy policy from President Donald Trump, Wood Mackenzie said, but his goals could be limited as it appears Republicans are likely to retain control of the Senate. Reports requested by congress or otherwise deemed important. See More. Henry Hub spot prices are expected to rise to a monthly average of $3.42/MMbtu in January 2021 because of rising domestic demand for natural gas for space heating, rising US LNG exports, and reduced production, the US Energy Information Administration noted in its the latest Short-Term Energy Outlook. Washington — Rising domestic demand for natural gas and improved LNG exports heading into the winter are likely to combine with declining production to push up Henry Hub spot prices to average $3.38/MMBtu in January 2021, the US Energy Information Administration said Oct. 6. The Henry Hub average daily natural gas spot price has hit its lowest level since December 1998. Quickly get in and out of positions with the third largest physical commodity futures contract in the world by volume. U.S. natural gas benchmark Henry Hub prices tracked nearly $1 below year-ago levels in the first half of the year, averaging only $1.81/MMBtu, according to … By the fall, EIA expects low prices to lead to further declines in natural … EIA’s forecast for U.S. electric generation showed a continued rise in the share from natural gas-fired power plants, from 34% in 2018 to 37% in 2019 and 39% in 2020. Capuano said. We are at the lowest price ever (Henry Hub prices). International energy information, including overviews, rankings, data, and analyses. The LNG Japan/Korea … EIA: Henry Hub spot gas prices to reach $3.4/MMbtu in January. In 2019, natural gas spot price at Henry Hub averaged $2.57 per MMBtu, down 18 percent from 2018 levels. Citing Natural Gas Intelligence data, U.S. Energy Information Administration notes that the Henry Hub reached $1.38 per million British thermal units (MMBtu) on June 16, 2020, the lowest daily Henry Hub price without adjusting for inflation and in nominal dollars since December 1998. The decline in total consumption reflects less heating demand in early 2020, contributing to residential demand in 2020 averaging 13.2 bcf/d (down 0.6 bcf/d from 2019) and commercial demand in 2020 averaging 8.8 bcf/d (down 0.9 bcf/d from 2019). EIA: Henry Hub price in Aug flat. EIA expects total US natural gas consumption will average 79.4 bcf/d in 2021, a 5.2% decline from 2020. EIA’s … Source: EIA STEO . U.S. Author; Maya Weber; Editor; Derek Sands; Commodity; Electric Power, LNG, Natural Gas; Topic; Energy Transition; Washington — The US Energy Information Administration continues to forecast lower average levels of US natural gas production and consumption in 2021, compared with the prior two … EIA expects that monthly average spot prices will remain higher than $3.00/MMbtu throughout 2021, averaging $3.14/MMbtu for the year, up from a forecast average of $2.14/MMbtu in 2020. June 24, 2016 Natural gas spot prices at the Henry Hub in the United States are continuing to increase, the Energy Information Administration said in its weekly report. EIA expects Henry Hub Prices to recover marginally in 2020, averaging $2.92/MMBtu for the year. In 2019, the value of selected energy imports—crude oil, petroleum products, and natural gas—fell to $13 billion. Platts AGS Historical Henry Hub gas prices with 24 month forecasts from the January STEO of each year starting in 2012 and ending in 2015 using the base case data. The increase in crude oil prices is expected to raise associated gas production from oil-directed wells in late-2021, especially in the Permian region. EIA’s lowered forecast for benchmark Henry Hub follows a stretch of milder weather that saw November spot prices at the benchmark average $2.61, up slightly from the October average of $2.39. The Henry Hub natural gas spot price averaged $2.37/million British thermal units in July, down 3 cents/MMBtu from June. Over the past month, spot prices at many Appalachian hubs have dropped below $2 per million British thermal units […] Due to weak historical data and the resurgence of COVID-19 in Europe and the US, the IEA revised down its near-term global demand outlook by 400,000 b/d in third-quarter 2020, 1.2 million b/d in fourth-quarter 2020, and 700,000 b/d in first-quarter 2021. A hot summer and production declines have put some upward pressure on natural gas prices, although prices remain low enough to support significant natural gas-fired generation, the EIA said […] A hot summer and production declines have put some upward pressure on natural gas prices, although prices remain low enough to support significant natural gas … The increased prices come amid expectations of natural gas demand recovery in those markets and potential LNG supply reductions because of outages at several LNG export facilities in the Pacific Basin and Atlantic Basin. About the … © 2020 Endeavor Business Media, LLC. 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