Winter 2018-19 crushed multiple supply and demand records signaling a shift to a more robust natural gas market place that has been anticipated since the beginning of the shale era.
The 2018-19 winter withdrawal season was formidable, with demand for natural gas establishing a new all-time record average near 102 Bcf/d. Both domestic demand and export demand are at their highest levels in history, which has left the North American natural gas market facing an overwhelming deficit in storage inventories. At the same time, supply of natural gas is setting daily and weekly records and for the first time passed 100 Bcf/d in wellhead production during the last week of March. Are these production levels sustainable and can production lift the North American natural gas market out of the hole it has dug for itself?
This summer will prove extremely consequential to producers and consumers alike to see if the market can keep up its brisk pace – get the answers to all your questions in our summer outlook webinar as we discuss the balance of supply and demand for the duration of 2019 and the ramifications on price and storage in the future.
You'll walk away with an understanding of:
- The drivers behind the growth in production in 2019.
- How pipeline takeaway constraints will impact Permian gas growth throughout the summer and fall.
- The systemic shift in domestic demand related to gas-fired power demand, Mexican exports and LNG feed gas.
- PointLogic and IHS Markit’s expectation for LNG export capacity additions and exports.
- How Henry Hub prices are expected to react in this tightening market and what that means for gas fired power generation and the balance of storage.
- How different scenarios could play out this summer and their impact on the level of storage inventories expected in October 2019.
Meet your speakers:
Vice President, Demand
Vice President, Supply