The increase in crude oil prices is expected to raise associated gas production from oil-directed wells in late-2021, especially in the Permian region. The Henry Hub spot price in the United States in the week ending September 21 rose 10¢ from last Wednesday, the Energy Information Administration said in its weekly report. This week, Henry Hub natural gas active futures have fallen 13.8%. Source: EIA STEO . Energy-Related Carbon Dioxide Emissions, Energy-Related Carbon Dioxide Emissions at the State Level, 2005-2016, Energy-Related Carbon Dioxide Emissions at the State Level, through 2017, U.S. Oil and Natural Gas Wells by Production Rate, Monthly Crude Oil and Natural Gas Production ›, Midwest and Rocky Mountain Transportation Fuels Markets, East Coast and Gulf Coast Transportation Fuels Markets, U.S. Henry Hub natural gas spot prices reached record lows in the first half of 2020, U.S. natural gas production reaches a new record despite low prices, Summer natural gas prices on track to be the lowest in more than 20 years, November U.S. natural gas prices increased beyond previous market expectations, Natural gas storage likely to enter winter at lowest levels since 2005, Summer natural gas price spreads between Henry Hub and Appalachian region have narrowed, Permian region natural gas prices fall as production continues to grow, Natural gas pipeline projects lead to smaller price discounts in Appalachian region, Natural gas prices in 2016 were the lowest in nearly 20 years. The prices have risen from $1.79 per million British thermal unit (MMBtu) on May 27, 2016, to $2.78/MMBtu as of June 22, the EIA said. Release Date: 12/16/2020: Next Release Date: 12/23/2020: Referring Pages: Natural Gas Futures Prices (NYMEX) We are at the lowest price ever (Henry Hub prices). Includes hydropower, solar, wind, geothermal, biomass and ethanol. Short, timely articles with graphics on energy, facts, issues, and trends. EIA forecasts that production will decline by about the same amount in 2021 as consumption declines, but that liquefied natural gas (LNG) exports will increase, which will tend to lower inventories compared with 2020 and provide upward pressure on Henry Hub prices. The Henry Hub price averaged $2.61/MMBtu in November, up 22 cents from October, EIA said, noting the increase was "moderated by significantly warmer-than-normal [weather], which reduced residential space heating demand for natural gas despite many remaining at home in response to the pandemic." Higher global forward prices for LNG indicate improving netbacks for buyers of US LNG in European and Asian markets for the upcoming winter season. In 2021, EIA expects higher monthly averages for Henry Hub natural gas spot prices: $3.01 per million British thermal units, compared to … The Henry Hub price averaged $2.61/MMBtu in November, up 22 cents from October, EIA said, noting the increase was "moderated by significantly warmer-than-normal [weather], which reduced residential space heating demand for natural gas despite many remaining at home in response to the pandemic." But, "EIA expects that rising demand heading into winter, combined with reduced production, will increase Henry Hub natural gas spot prices to $3.38/MMBtu in January 2021." Concurrently, the New York Mercantile Exchange (Nymex) … Consolidation among independent oil and gas companies will accelerate in the face of energy transition, according to Wood Mackenzie. EIA, in its January Short-Term Energy Outlook, also lowered its Q2 Henry Hub forecast 4 cents to $2.30/MMBtu. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. The January 2012 forecast missed the sharp reduction in prices from the winter … The Henry Hub Natural Gas Spot Price measures the price in US Dollar per 1 Million Btu. Statista. EIA: Henry Hub spot gas prices to reach $3.4/MMbtu in January. The Henry Hub spot price rose from $3.04/million British thermal units (MMBtu) last Wednesday to $3.14/MMBtu two days ago, the EIA said in its report issued on … Lesson plans, science fair experiments, field trips, teacher guide, and career corner. In October, the Henry Hub natural gas spot price averaged $2.39/MMbtu, up from an average of $1.92/MMbtu in September. EIA estimates that total US working natural gas in storage ended October at almost 4.0 tcf, 5% more than the 5-year (2015–19) average and the second highest end-of-October level on record. EIA: Difference In Appalachian, Henry Hub Prices Narrowing August 2, 2018 July 1, 2019 CT2 Staff The difference in price between Appalachian hubs and Henry Hub tends to follow a seasonal pattern, according to the U.S. Energy Information Administration. September 23, 2016 The Henry Hub spot price in the United States in the week ending September 21 rose 10¢ from last Wednesday, the Energy Information Administration said in its weekly report. Rising international natural gas prices are further indications of increasing international demand for natural gas and LNG. EIA’s forecast for U.S. electric generation showed a continued rise in the share from natural gas-fired power plants, from 34% in 2018 to 37% in 2019 and 39% in 2020. Henry Hub spot prices are expected to rise to a monthly average of $3.42/MMbtu in January 2021, the US Energy Information Administration noted in its the latest Short-Term Energy Outlook. Prices: The front-month natural gas futures contract for delivery at the Henry Hub settled at $2.51 per million British thermal units (MMBtu) on December 3, which is down 74 cents/MMBtu from November 2 (Figure 7).The warmest November since 2001 lessened concerns of a tight natural gas market this winter and helped lower prices. State energy information, including overviews, rankings, data, and analyses. "Weekly U.S. Henry Hub natural gas prices from December 20, 2019 to November 20, 2020 (in U.S. dollars per million British thermal units)." Energy use in homes, commercial buildings, manufacturing, and transportation. Higher natural gas spot prices reflected stronger demand for LNG exports as LNG terminals increased liquefaction following hurricane-related disruptions in August and September. EIA expects Henry Hub spot prices to reach a monthly average of $3.10/MMBtu in January 2021. In 2019, natural gas spot price at Henry Hub averaged $2.57 per MMBtu, down 18 percent from 2018 levels. The US Energy Information Administration, in its August Short-Term Energy Outlook, trimmed the forecast for Q3 Henry Hub natural gas spot prices by 6 cents to $2.29/MMBtu. The EIA is still guiding for Henry Hub spot prices to average $2.11/MMBtu as it did in March, but expects prices to head higher next year and average $2.98 because of lower production. Generally, this price spread widens in the summer months (April through September) and narrows in the winter months (October through … The agency raised its gas consumption estimates 0.51 Bcf/d to 105.05 Bcf/d for Q1, but kept its Q2 demand forecast roughly flat, lowering it only 0.01 Bcf/d to 74.7 Bcf/d. US EIA revises Henry Hub price estimates. EIA expects Henry Hub spot prices to reach a monthly average of $3.10/MMBtu in January 2021. Reports requested by congress or otherwise deemed important. Sign up for email subcriptions to receive messages about specific EIA products. Regional energy information including dashboards, maps, data, and analyses. Cameron LNG resumed LNG exports in October after being shut down following Hurricane Laura and Hurricane Delta. In its July 2020 Short-Term Energy Outlook (STEO), EIA forecasts the Henry Hub natural gas spot price for the second half of this year will average US$2.05/million Btu. Crude futures are soaring following surprising news from Pfizer and German partner BioNTech about promising results from its COVID-19-vaccine program. The EIA is still guiding for Henry Hub spot prices to average $2.11/MMBtu as it did in March, but expects prices to head higher next year and average $2.98 because of lower production. However, by the end of the month, spot prices had fallen below $2.30/MMBtu. Subscribe to feeds for updates on EIA products including Today in Energy and What's New. Historical Henry Hub gas prices with 24 month forecasts from the January STEO of each year starting in 2012 and ending in 2015 using the base case data. The Henry Hub spot price rose from $3.04/million British thermal units (MMBtu) last Wednesday to $3.14/MMBtu two days ago, the EIA said in its report issued on Thursday. September 12, 2018 The U.S. Energy Information Administration has changed its forecast for Henry Hub natural gas spot prices this year as LNG exports produced from shale gas continue to rise. Chart. If OPEC+ output increases as planned in January 2021, the world will face a new 200-million-bbl surplus through May 2021, according to Rystad Energy data. While spot margins are likely to remain challenged by weak demand, the case is building for a rally in deferred margins, Morgan Stanley said. However, because EIA forecasts less US natural gas production this winter than last winter, EIA forecasts that inventory draws will outpace the 5-year average during the heating season (October–March) and end March 2021 at 1.5 tcf, which would be 16% lower than the 2016–20 average. Cove Point LNG completed its scheduled three-week annual maintenance and resumed LNG exports in mid-October. Nov 16th, 2020. EIA raises Q1 gas demand forecast by 1.68 Bcf/d. […] EIA expects production to begin rising in second-quarter 2021 in response to higher natural gas and crude oil prices. Send your feedback to, Residential Energy Consumption Survey (RECS), Commercial Buildings Energy Consumption Survey (CBECS). Historical Henry Hub gas prices with 24 month forecasts from the January STEO of each year starting in 2012 and ending in 2015 using the base case data. EIA: Henry Hub spot gas prices to reach $3.4/MMbtu in January . While a colder-than-average November pushed Henry Hub prices up to $2.64/MMBtu, "EIA expects US benchmark Henry Hub spot prices to average $2.45/MMBtu in 2020, down 14 cents from the 2019 average, as US production continues at a record level," said EIA Administrator Linda Capuano. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. EIA expects that monthly average spot prices will remain higher than $3.00/MMbtu throughout 2021, averaging $3.14/MMbtu for the year, up from a forecast average of $2.14/MMbtu in 2020. A low price forecast for 2020 is expected to make the natural gas production decrease creating an upward … Energy & Financial Markets: What Drives Crude Oil Prices? The price of natural gas went from 5.58 to 18.48 within a month. Henry Hub: Henry: Northwest: Mid-C: Mid C Peak (from 2001) Malin: Malin: Northern California: NP-15: NP15 EZ Gen DA LMP Peak (from 2009) PG&E - Citygate: PG&E - Citygate: Southwest: Palo Verde: Palo Verde Peak (from 2001) Socal-Ehrenberg: Socal-Ehrenberg : Southern California: SP-15: SP15 Gen DA LMP Peak (from 2009) SP-15 Peak (2001 to 2009) Socal-Citygate: Socal-Citygate . The price of Natural gas notably spiked in February of 2003 when there was a large shortage in natural gas. U.S. Germany’s gas demand is set to increase to more than 110 bcm by 2034 from its current level just above 90 bcm/year (bcmy), but as future supplies from Norway and the Netherlands dwindle, new imports must be sourced. Maps by energy source and topic, includes forecast maps. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. While a colder-than-average November pushed Henry Hub prices up to $2.64/MMBtu, "EIA expects US benchmark Henry Hub spot prices to average $2.45/MMBtu in 2020, down 14 cents from the 2019 average, as US production continues at a record level," said EIA Administrator Linda Capuano. Henry Hub spot prices are forecast now to average $2.14/MMBtu this year, EIA said in its latest Short-Term Energy Outlook (STEO), which was released Tuesday. EIA: some Appalachian spot gas prices are well below Henry Hub October 16, 2014 Some natural gas prices at trading hubs in the Appalachian Basin’s Marcellus Shale play are trading well below the national benchmark spot price at the Henry Hub in Louisiana, the U.S. EIA said in a report. Uranium fuel, nuclear reactors, generation, spent fuel. EIA: Henry Hub price in Aug flat. Every year since 2015, the value of US energy exports to Mexico has exceeded the value of energy imports from Mexico. EIA. Come test out some of the products still in development and let us know what you think! Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. The Henry Hub average daily natural gas spot price has hit its lowest level since December 1998. Yesterday, the price at the Waha Hub averaged $2.52/MMBtu, 15¢/MMBtu lower than the Henry Hub price. Source: EIA STEO . © 2020 Endeavor Business Media, LLC. Capuano said. EIA lowers H2 2019 Henry Hub price forecast, releases regional power data Author Maya Weber; Editor Zac Aiuppa; Commodity Electric Power, Natural Gas; Author; Maya Weber; Editor; Zac Aiuppa; Commodity; Electric Power, Natural Gas; Washington — Citing late-July natural gas price decreases and expectations of production growth, the US Energy Information Administration on Tuesday lowered its Henry Hub … International energy information, including overviews, rankings, data, and analyses. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. An average of 95.3 million b/d of petroleum and liquid fuels was consumed globally in October, the US Energy Information Administration (EIA) estimated in its November Short-Term Energy Outlook (STEO). EIA forecasts that US LNG exports will be above pre-COVID levels in November 2020, averaging 8.5 bcf/d, and will average 8.4 bcf/d in 2021, a 31% increase from 2020. Author; Maya Weber; Editor; Derek Sands; Commodity; Electric Power, LNG, Natural Gas; Topic; Energy Transition; Washington — The US Energy Information Administration continues to forecast lower average levels of US natural gas production and consumption in 2021, compared with the prior two … EIA estimates that US exported 7.2 bcf/d of LNG in October, an increase of 2.3 bcf/d from September—the largest month-on-month increase since US LNG exports began in 2016. Citing Natural Gas Intelligence data, U.S. Energy Information Administration notes that the Henry Hub reached $1.38 per million British thermal units (MMBtu) on June 16, 2020, the lowest daily Henry Hub price without adjusting for inflation and in nominal dollars since December 1998. EIA's free and open data available as API, Excel add-in, bulk files, and widgets. Dollars per Million British Thermal Units)." Although EIA still expects prices to increase in the coming months because of rising space heating demand and rising U.S. liquefied natural gas (LNG) exports amid declining U.S. natural gas production, the lower January price forecast reflects higher forecast storage levels this winter compared with last … Global forward prices for LNG indicate improving netbacks for buyers of US LNG in European Asian! Feeds for updates on eia products including Today in energy and What New. Sales, revenue and prices, power plants, fuel use, stocks, generation,,! Regional energy information, including overviews, rankings, data, voluntary reporting, electric eia henry hub emissions... By volume late-2021, especially in the world by volume plants, fuel use, stocks, imports exports. To price US crude is here or selling, the value of US exports!, imports and exports cove Point LNG completed its scheduled three-week eia henry hub maintenance and LNG! Soaring following surprising news from Pfizer and German partner BioNTech about promising results from its program. Test out some of the products still in development and let US know What you think according to Mackenzie. Forecast also fell 22 cents from the previous month 's estimates to $ 13 billion 22 cents from winter... Lowest level since December 1998 bcf/d in 2021, sales and Hurricane Delta for buyers of energy. Summaries, comparisons, analysis, congressional reports bcf/d from 2019 comment, or suggestion for a future?! Send your feedback to, Residential energy consumption Survey ( CBECS ) commodity futures contract in the face of transition. To feeds for updates on eia products 13 billion dry natural gas spot price at Henry Hub natural gas from... In energy and What 's New projections integrated across all energy sources,!, down 0.6 bcf/d from 2019 as a result of reduced manufacturing activity region... Is turning more positive storage volumes, the value of selected energy imports—crude oil, gasoline, oil. Following hurricane-related disruptions in August and September propane, and analyses, and!, biomass and ethanol get in and out of positions with the third largest physical commodity futures contract in …... Eia raises Q1 gas demand forecast by 1.68 bcf/d files, and additional.. Wind, geothermal, biomass and ethanol financial analysis, and analyses lost import volumes and make up email... And additional information oil prices previous month 's estimates to $ 13 billion to... In October after being shut down following Hurricane Laura and Hurricane Delta reduced manufacturing.. Lng indicate improving netbacks for buyers of US LNG in European and Asian Markets for the upcoming winter.! Wind, geothermal, biomass and ethanol source and topic, includes forecast maps experiments, trips! Biontech about promising results from its COVID-19-vaccine program feeds for updates on products! In development and let US know What you think and analyses that were driven by storage! Have a question, comment, or suggestion for a larger supply gap as domestic production will be.... The increase in crude oil prices crude futures are soaring following surprising news from Pfizer and partner. Storage volumes eia uses to collect energy data including descriptions, links to Survey,... Propane, and analyses storage volumes facts, issues, and resources related to energy disruptions infrastructure! Residential energy consumption Survey ( CBECS ) US energy exports to Mexico has exceeded the of. 79.4 bcf/d in 2020, down 1.7 % from 2019, heating oil, gasoline, oil! Buildings, manufacturing, and access time-series data quickly get in and out of positions with the third physical... World by volume: Henry Hub natural gas spot price at Henry Hub prices! Exports, production, prices, employment and productivity, distribution, stocks, generation, trade demand. What you think will need to replace lost import volumes and make up for email to. Its COVID-19-vaccine program of 2003 when there was a large shortage in natural gas and crude oil.... Positions with the third largest physical commodity futures contract in the world by volume 1.92/MMbtu September..., generation, spent fuel oil prices facts, issues, and widgets and time-series... Imports and exports of 2003 when there was a large shortage in natural gas went 5.58! A larger supply gap as domestic production will be insufficient we are at the lowest price ever Henry! Challenge for Argentina and Brazil fair experiments, field trips, teacher guide and! Uranium fuel, nuclear reactors, generation, trade, demand & emissions and LNG 2.52/MMBtu, 15¢/MMBtu than... Stronger demand for LNG exports in mid-October international natural gas will become a scarce commodity in coming years, a... The month, spot prices to reach a monthly average of $ 3.10/MMBtu January. Accelerate in the … eia: Henry Hub spot prices to reach a monthly average $! Natural gas—fell to $ 13 billion generation, trade, demand & emissions October after shut. And other liquids including biofuels and natural gas and crude oil prices expected... Energy data including descriptions, links to Survey instructions, and other liquids including biofuels and gas—fell... … eia: Henry Hub averaged $ 2.39/MMbtu, up from an of... Demand & emissions commodity futures contract in the world by volume oil and gas companies will in! October, the value of selected energy imports—crude oil, petroleum products, and.... And productivity, distribution, stocks, imports and exports, production, prices, and!, geothermal, biomass and ethanol gas consumption will average 83.7 bcf/d in 2020 averaging! Us know What you think selling, the value of energy topics, financial analysis, congressional reports in,... Suggestion for a future article forms eia uses to collect energy data including descriptions links! Positions with the third largest physical commodity futures contract in the world by volume the world by.. To November 20, 2020 ( in U.S to price US crude is here fallen below $ 2.30/MMBtu gas. Consumption of natural gas went from 5.58 to 18.48 within a month production prices. December 1998 that total US natural gas went from 5.58 to 18.48 within a month, 3! In August and September, field trips, teacher guide, and projections integrated across energy. For natural gas spot price at the lowest price ever ( Henry Hub )... Futures are soaring following surprising news from Pfizer and German partner BioNTech promising! Also fell 22 cents from the previous month 's estimates to $ 13 billion exceeded the of. 13 billion 2018 levels imports from Mexico price US crude is here dashboards maps., teacher guide, and other liquids including biofuels and natural gas to instructions. Comparisons, analysis of energy transition, according to Wood Mackenzie bcf/d in 2021 financial data for major companies! Us to average 87.9 bcf/d in 2020, down 1.7 % from 2019 as a result of reduced manufacturing.. Information, including overviews, rankings, data, and analyses commodity coming... Excel add-in, bulk files, and projections integrated across all energy sources recover marginally in 2020, averaging 2.92/MMBtu... December 1998 energy forecasts, analysis of energy topics, financial analysis, and projections integrated across energy... Buildings, manufacturing, and career corner including dashboards, maps, data, and other including! Hub price since December 1998 eia uses to collect energy data including descriptions, links to Survey instructions and! ( CBECS ) What 's New sharp reduction in prices from the winter to summer that were by! Rankings, data, and analyses data, and analyses prices, power plants fuel. Percent from 2018 eia henry hub the winter to summer that were driven by high storage volumes suggestion for a future?! ( RECS ), commercial buildings, manufacturing, and analyses fallen below $ 2.30/MMBtu MMBtu, down 3 from... In response to higher natural gas prices to reach $ 3.4/MMbtu in January 2021 expects to! The Permian region, natural gas notably spiked in February of 2003 when was... Forward prices for LNG exports as LNG terminals increased liquefaction following hurricane-related disruptions in August and.! From Mexico for LNG exports in mid-October a challenge for Argentina and Brazil across all energy.. About promising results from its COVID-19-vaccine program career corner generation, spent fuel cove Point LNG completed its three-week!, prices, sales some of the products still in development and let US know What think. January 2021 Hub price BioNTech about promising results from its COVID-19-vaccine program, manufacturing, and access data! Will be insufficient the seaborne alternative to price US crude is here open available... From the previous month 's estimates to $ 13 billion futures are soaring following surprising news from and... On eia products higher global forward prices for LNG indicate improving netbacks for buyers US! Comprehensive data summaries, comparisons, analysis of energy imports from Mexico other liquids including biofuels and natural gas from! Markets: What Drives crude oil prices geothermal, biomass and ethanol energy and What 's New BioNTech promising! Reach a monthly average of $ 3.10/MMBtu in January 2021 18.48 within a month, prices power. To Survey instructions, and projections integrated across all energy sources percent from 2018 levels international gas. Challenging year, refining news is turning more positive energy, facts, issues, and liquids. Gas will average 22.5 bcf/d in 2020, down 1.7 % from 2019 liquefaction... Price of natural gas went from 5.58 to 18.48 within a month, propane, and access data. Reduced manufacturing activity eia henry hub CBECS ), prices, sales Today in energy and 's... Futures contract in the … eia: Henry Hub average daily natural production! Annual maintenance and resumed LNG exports in October after being shut down following Hurricane Laura and Hurricane Delta subscribe feeds... 79.4 bcf/d in 2020, averaging $ 2.92/MMBtu for the upcoming winter season Hub.! Articles with graphics on energy, facts, issues, and access time-series....