EIA: Henry Hub spot gas price down in Oct

Image courtesy of the Energy Information Administration

The Henry Hub natural gas spot price averaged $2.34/MMBtu in October, a decrease of 32 cents/MMBtu from the September price, according to the US Energy Information Administration.

Warm weather at the end of October, strong inventory builds, continuing production growth, and expectations for a warm winter contributed to spot prices falling to three-year lows in recent weeks, the EIA said in its November Short-Term Energy Outlook.

The agency expects monthly average Henry Hub spot prices to remain lower than $3/MMBtu through June 2016, and lower than $3.50/MMBtu through the rest of the forecast.

Henry Hub natural gas prices are projected to average $2.69/MMBtu in 2015 and $3.00/MMBtu in 2016, the agency added in the report.

 

Image: EIA

Share this article

Follow LNG World News

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >