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US Industry Metrics

A. Blume, Editor

The Henry Hub natural gas spot price averaged $3.13/MMBtu in January 2019, down 91 cents/MMBtu from December 2018, as temperatures in most of the US remained milder than average despite a short cold snap. The US Energy Information Administration (EIA) expects strong growth in US natural gas production to put downward pressure on prices in 2019. The EIA expects Henry Hub natural gas spot prices to average $2.83/MMBtu in 2019, a decrease of 32 cents/MMBtu from the 2018 average. The EIA forecasts that US dry natural gas production will average 90.2 Bft3d in 2019, up 6.9 Bft3d from 2018. Production is anticipated to continue to rise in 2020 to an average of 92.1 Bft3d. GP

GP0419 Metrics Fig 01

US gas production (Bft3d) and prices ($/thousand ft3)

 

GP0419 Metrics Fig 02

US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu

 

GP0419 Metrics Fig 03

US natural gas plant field production of NGL, LPG, ethane/ethylene and propane/propylene, Mbpd


Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
The $26-B small-scale LNG market is gaining exciting traction this year.
Regional Focus: Singapore moves closer to becoming a global LNG trading hub
-Eugene Gerden
Amid strong demand for LNG in the Asia-Pacific region and the need to secure regular gas supplies on a large scale, Singapore may become a major regional hub for LNG trade.
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-Adrienne Blume
For the third time in its 47-yr history, Gastech is returning to Houston, Texas.


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