Recent rises in the Henry Hub front-month futures price suggest it may reach $3/MMBtu by the end of summer in the United States.
Prices dipped at the NBP, TTF and PEG Nord hubs on Tuesday following a week of gains. Meanwhile, Ukraine looks set to be short of gas this winter.
Lower gas injection rates in the US compared with this time last year are supporting the Henry Hub front-month futures price.
Analysis & Forecasts
Focus on macroeconomic trends, gas demand & production, storage, prices and trade movements
Analysis of how gas prices respond to the price of other fuels, such as coal, renewables and nuclear
Oil market outlook
A brief analysis of the direction of crude oil prices and of oil product crack spreads
Argentina’s plan to end its dependence on LNG presents difficult questions for suppliers such as Trinidad, the US and Australia.
Indonesia, one of the world’s leading LNG exporters, is on the path to becoming a potential net importer of gas. As domestic demand rises, production levels are likely to fall short.
South Korea’s gas demand and LNG imports have been in decline, and although they will continue to fall this year, demand could grow between now and the end of the decade.
Trinidad and Peru are exploring new LNG markets as competition from Australia and the US ratchets up. However, attracting upstream investment could be a more significant challenge.
Following the result of the UK’s referendum on its membership of the EU, considerable uncertainty looks likely to persist in the short term.1 July 2016 9:05 GMT
The UK’s referendum on exiting the EU has turned the markets volatile, leaving traders facing risks on the oil price, UK-Continental gas spreads and macroeconomics.
While discussions on supplying Russian gas to Asia continue, Moscow remains focused on northwest Europe as the key market for its gas – despite its geopolitical tensions with the EU.
Recent data suggests a pattern of rapid growth in renewables in China continued in 2015, supported by a switch away from coal towards gas and LNG.