Decline in US production may push up Henry Hub spot prices to over $3/MMBtu in 2021
Thursday, 02 July 2020
U.S. Energy Information Administration (EIA) expects a rebound in Henry Hub spot gas prices due to falling production in the Appalachian and Permian Shale, where low oil prices led to shut-ins of wells. Dry gas production is seen average 84.9 Bcf/d in 2021, pushing up Henry Hub prices to $2.89/MMbtu. Rising demand in upcoming winter could push up prices back to $3.08/MMBtu by early 2021.
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