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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 continued expansion of natural gas trade is led primarily by growth in the LNG sector, which has tripled over the past 3 yr.
Industry Focus: The future of gas-to-power projects in Africa
-Shem Oirere
Natural gas is expected to play a central role in supporting Africa’s drive to achieve electricity connection for nearly 600 MM people without access to the grid, to reduce widespread reliance on coal for power generation, and to fast-track the continent’s slowed industrial expansion.
Regional Focus: Gazprom faces challenges for combined LNG/processing plant in Baltics
-Eugene Gerden
Russia’s largest natural gas producer, Gazprom, aims to build a giant project on the Russian Baltic seaport of Ust-Luga. The plans include the construction of a combined LNG and gas processing plant.


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Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.

The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.

Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.

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