ON DEMAND - Watch Wood Mackenzie’s latest webinar where its experts will discuss the primary risks facing the North American natural gas market this summer including gas prices, production dynamics, Mexican imports, and power exports to Canada, which could impact supply.
If you would like to receive a complimentary extract of the slide deck, click here.
To find out more about Wood Mackenzie’s products and services, click here or reach out to the company at: Contactus@Woodmac.com.
A range of factors mean North American gas and LNG production this year faces its most uncertain summer since the pandemic. The pandemic resulted in negative oil prices driving gas production down significantly.
In Wood Mackenzie’s recent North American Natural Gas Summer Outlook 2024 webinar, the company offers an in-depth view on low gas prices, production deferrals, increased Mexican imports, and the recent flipping of the power market import/export dynamic between the US and Canada.
During this webinar, Wood Mackenzie answered these key questions:
- How will recent product shut-ins impact US supply?
- What changes have we seen in the power market, and how will these changes impact gas demand?
- What are the key changes expected for US LNG exports over the next year?
- How will domestic Mexican production changes impact US exports to Mexico?
Production levels will be the key element impacting end-of-season storage levels heading into winter 2024. Ongoing supply will very much depend on prices, as producers have been reacting to low prices over the past three months by curtailing production through well deferrals and shut ins.
Currently there is still a steep contango, however, with future gas prices higher than spot prices. This is enticing for producers, who can have wells back up and running within days if prices rise, so the impact on supply is quickly felt.
Watch Wood Mackenzie’s webinar to discover more from their experts, and if you would like to receive a complimentary extract of the slide deck, click here.
To find out more about the company’s products and services, click here or reach out to us at: Contactus@Woodmac.com
