Leading US shale-gas producer and emerging LNG player EQT Corp. cuts production because of low prices
EQT Corp., the leading US natural gas producer in the Appalachian shale basins and an emerging LNG player, has made a “strategic decision” to curtail approximately 1 billion cubic feet per day of gross production beginning immediately.
US freeze hits natural gas and power prices with surges to $23 per MMBtu while Henry Hub nears $10 per MMBtu
US natural gas supplies plunged and prices soared to almost $23 per million British thermal units at several Citygates as extreme cold froze some wells while heating demand soared for gas-fired power and the severe climatic conditions also curbed wind power availability.
US LNG exports increased in the past week while Henry Hub stays well above European gas prices
US liquefied natural gas LNG shipments increased in the past week even as LNG cargo prices remained at historically low levels in Asia while European prices were still much lower than the US spot Henry Hub benchmark.
US forecasts drop in benchmark Henry Hub price amid jump in natural gas production
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.
