Global natural gas market may experience a tighter supply-demand balance this winter
The last two winters in the Northern Hemisphere were exceptionally mild, keeping global natural gas markets well supplied and balanced at relatively low prices. Prices going into this winter are only slightly higher than last year at the same time based on current forward natural gas and liquefied natural gas (LNG) prices in Europe and Asia. If weather remains mild this winter as in the past two winters, we expect a relatively stable global supply-demand balance with prices similar to the previous two winters. But if Europe and Asia experience colder temperatures this winter than in the past two years
Wholesale Electricity and Natural Gas Market Data
(Thu, 14 Nov 2024) This site contains spreadsheets with wholesale electricity and natural gas data from seven major trading hubs that cover most regions of the United States. The data are through November 12, 2024, republished, with permission, from the Intercontinental Exchange.
Northwest U.S. and western Canadian natural gas prices trade at historic lows in 2024
Monthly average natural gas spot prices at northwestern U.S. and western Canada border pricing hubs reached historic lows in 2024 through October, according to data from Natural Gas Intelligence. Robust natural gas production in western Canada, where output has generally increased over the last two years, and high natural gas inventories in the region contributed to the low prices.