Navigant Releases New Outlook on North American Natural Gas Market Prices
Updated outlook for the North American natural gas market, including supply, demand and prices at key market points
According to the updated forecast, the real Henry Hub average price is expected to return to above
Navigant’s analysis projects:
- North American consumer natural gas demand is expected to increase from 77.8 Bcfd in 2013 to 108.7 Bcfd in 2035.
- North American dry natural gas production is expected to grow by 44 percent from 87.3 Bcfd in 2013 to 124.5 Bcfd in 2035.
- LNG exports are expected to grow in
North America, reaching up to 7.8 Bcfd by 2022.
“Five years after the first significant effects of gas shale in the U.S., the North American market is still being driven by fundamental gas supply and production growth,” says
According to the Outlook, total North American natural gas consumption for gas-fired generation and industrial use are projected to grow at an average annual rate of 3.7 percent and 2.4 percent respectively through 2020. In the near term, North American natural gas prices are projected to recover from 2012 lows, but will stay at moderate price levels. In the mid-term, Henry Hub prices are expected to rise to more than
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* The information contained in North American Natural Gas Market Outlook, Fall 2013 and this press release reflect Navigant’s current expectations based on market data and trend analysis. Navigant’s market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the Outlook. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used by Navigant to create the report. Navigant undertakes no obligation to update any of the information contained in this press release or the Outlook.
1 All prices in this article are reported in real
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