LNG

The US Government forecasts that the average Henry Hub natural gas spot price would be low through March and LNG exports would decline in February, while record amounts of natural gas were consumed by the nation in January, driven by the gas-fired electric power sector.

The US Government expects the benchmark Henry Hub natural gas price to increase along with gas-fired power demand and rising feed-gas supplies for liquefied natural gas exports as dry gas production stalls.

US production of natural gas dropped in February while LNG exports also plunged 23 percent because of the bad weather and navigational restrictions on the Gulf Coast during the month.