EIA revises Henry Hub price estimates

EIA revises Henry Hub price estimates
Illustration purposes only (Image courtesy of Chevron)

The U.S. Energy Information Administration has slightly revised its forecast for Henry Hub natural gas spot prices for this year and 2019. 

In its latest Short-Term Energy Outlook, EIA notes that the Henry Hub natural gas spot price is expected to average $2.99 per mmBtu in 2018, in line with previous projections.

However, the Henry Hub natural gas spot price for 2019 is expected to average slightly below the previous forecast of $3.07/mmBtu standing at $3.04/mmBtu.

During the past month, the Henry Hub natural gas spot price averaged $2.97/million British thermal units, EIA’s report shows.

U.S. dry natural gas production averaged 73.6 billion cubic feet per day (Bcf/d) in 2017, the report shows.

EIA forecasts dry natural gas production will average 81.3 Bcf/d in 2018, establishing a new record. EIA expects natural gas production will rise by an additional 3.1 Bcf/d in 2019 to 84.5 Bcf/d.

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >