Mild temperatures across Europe have reduced demand and put pressure on hub prices, a situation expected to continue over the coming week.22 February 2017
Argentina and Brazil are not buying LNG even at the peak of the southern hemisphere summer, and supplying the fuel to the two markets is set to become even tougher in 2017.
Stronger nuclear output and weaker demand will weigh on French gas prices.
US LNG is arriving in Asia as demand for the fuel falters in Latin America, but the challenges faced by US exporters will get tougher in 2017.
Mild weather over the coming week will weaken gas demand and put European prices under pressure.
Mild weather will limit gains in Henry Hub front-month futures and spot prices during February, but the prices will still be high year on year.
Supply tightness has supported European hub price rises and sustained colder weather could drive further gains.
Analysis & Forecasts
Overview of the fundamental and technical factors underpinning our global forecasts
Focus on economic trends, gas demand & production, storage, prices and trade
Identifying key points of competition from other fuels, such as coal and renewables