US expects Henry Hub natural gas price to rise with summer gas-fired power needs and LNG exports
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 outlook forecasts higher 2021 natural gas prices because of LNG exports and lower output
The US Government expects LNG exports will average 8.5 billion cubic feet per day for all of 2021compared with 9.8 Bcf per day during January when around 18 to 22 cargoes were lifted each week from the six plants in operation amid high spot prices in North Asia.
US natural gas rise
March 4 (LNGJ) - US natural gas consumption increased by 3 percent in 2019, reaching a record of 85.0 billion cubic feet per day (Bcf/d), according to the Energy Information Administration. New natural gas-fired electric capacity and lower natural gas prices led the increase in domestic natural gas consumption.
US natural gas consumption grew in the electric power sector by 2.0 Bcf per day, or 7 percent, but remained relatively flat in the commercial, residential, and industrial sectors. Exports by pipeline gas to Mexico and liquefied natural gas elsewhere grew by 0.5 Bcf per day and 2.0 Bcf per day respectively.
