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U.S. Industry Metrics

On January 24, the near-month natural gas Henry Hub futures price at the New York Mercantile Exchange closed at $1.893/MMBtu, the lowest January closing price for the near-month contract since January 27, 1999. Warm weather, leading to reduced withdrawals from underground storage, combined with record natural gas production, depressed natural gas prices in future and spot markets during the beginning of the year. In addition to warmer weather, natural gas withdrawals have been limited as a result of high levels of electric power generation from nuclear power plants during the winter. Natural gas also continues to be produced at near-record levels, contributing to lower gas prices.  GP

Metrics Fig 01
U.S. gas production (Bft3d) and prices ($/Mcf)

 

Metrics Fig 02
U.S. natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu

 

Metrics Fig 03
U.S. natural gas plant field production of NGL, LPG, ethane and propane, 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.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment: China eyes continued expansion of smaller-scale LNG
-Adrienne Blume
Smaller-scale liquefaction in China, the world’s second-largest LNG importer, has experienced growth in recent years as China’s government integrates more gas into the country’s energy matrix.
Executive Q&A Viewpoint: SeaOne expands South American energy options with Compressed Gas Liquid technology
-Bruce Hall
SeaOne is a midstream infrastructure and logistics company that leverages its patented Compressed Gas Liquid (CGL™) technology to lower energy costs in various markets, generating new opportunities for economic growth and environmental stewardship.


GasPro 2.0: A Webcast Symposium

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Following the successful GasPro Webcast Symposium in October 2019, the third GasPro Webcast Symposium will take place on October 21, 2020.

The 2019 webcast drew attendees from around the world, with more than 80% of the audience working in company management or engineering divisions.

The 2020 web event will gather experts in the fields of LNG, gas processing and process safety to share market, operations and engineering technology and trends with our audience.

Attendees of the 2020 webcast will learn about market solutions and technology deployments in a number of areas: LNG delivery infrastructure, small-scale desulfurization for NGL, H2S removal for gas treating, process safety for safety instrumented systems, small-scale LNG project design, and advances in freeze component removal for LNG.

October 21, 2020 08:30 AM CDT

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