US Industry Metrics
A. Blume, Managing Editor
According to the US Energy Information Administration, natural gas prices rose to a peak of just below $8/MMBtu at Henry Hub in February, before falling to between $4.50/MMBtu and $5/MMBtu through June. The price spike was the result of high demand during unseasonably cold winter months, which drew down inventories in storage. NGL spot prices followed suit, with the composite price climbing over $13/MMBtu during February and then sliding to $10/MMBtu through April. Meanwhile, production of NGL, LPG and propane/propylene rose steadily in the year through April, while output of ethane/ethylene saw a small drawback at the beginning of 2014, only to rebound between February and April. GP
 |
|
US gas production (Bcfd) and prices ($/Mcf) |
 |
|
US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu |
 |
|
US natural gas plant field production of NGL, LPG, ethane/ethylene and |
Comments