# Henry Hub gas prices have gone global | Wood Mackenzie

> Wood Mackenzie reports that Henry Hub gas prices are now linked to global gas markets because US LNG feedgas has reached about 10 bcf/d, roughly 10% of US demand. The firm expects US LNG utilization to recover and Henry Hub prices to rise in 2021 as producers are incentivized to refill storage before winter 2021/22.

- Date: 2020-11-24 · published 2020-11-24T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/50346-henry-hub-gas-prices-have-gone-global-wood-mackenzie
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Rising LNG export pull ties US gas prices to Europe and Asia, and expected 2021 storage refill needs point to firmer Henry Hub prices. Higher US gas costs raise input costs for nitrogen fertilizer and ethanol production.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-08-05 | [LNG Recap: Henry Hub Leads Global Gas Benchmarks Higher](https://feedsoft.ai/events/10740-lng-recap-henry-hub-leads-global-gas-benchmarks-higher.md) | +2.3% | +11.2% |
| NATGAS | 2016-06-01 | [Price favours Canadian gas flows into western US \| Global Gas Analytics](https://feedsoft.ai/events/7637-price-favours-canadian-gas-flows-into-western-us-global-gas-analytics.md) | +8.8% | +31.8% |
| NATGAS | 2022-01-28 | [Natural Gas Prices Surge Higher on LNG Flows](https://feedsoft.ai/events/6917-natural-gas-prices-surge-higher-on-lng-flows.md) | +1.4% | -13.6% |
| NATGAS | 2026-02-03 | [LNG Exports Push Natural Gas Prices Up - ENGIE Resources](https://feedsoft.ai/events/20802-lng-exports-push-natural-gas-prices-up-engie-resources.md) | -15.4% | -18.5% |
| NATGAS | 2026-10-28 | [LNG Demand, November Expiry Bolster Natural Gas Prices](https://feedsoft.ai/events/263-lng-demand-november-expiry-bolster-natural-gas-prices.md) | +0.7% | — |

## Sources

- woodmac.com: https://www.woodmac.com/news/opinion/henry-hub-has-gone-global/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.