LNG

The United States forecasts that the nation’s natural gas supply will increase to meet growing demand for domestic pipeline gas and liquefied natural gas exports, though benchmark Henry Hub prices are expected to remain subdued as US oil and gas production increases to new record levels.

The US benchmark Henry Hub natural gas spot price averaged $2.95 per million British thermal units in March, up 26 cents per MMBtu from February with increases caused by colder-than-normal temperatures and lower storage inventories, though prices are forecast to drop in the next year as output soars.