# US EIA bumps up gas production, consumption estimates for early 2021 | S&P Global

> EIA's November Short-Term Energy Outlook raised its US natural gas marketed production forecast for Q4 2020 and Q1 2021. It also raised consumption estimates and lifted its Q4 Henry Hub spot forecast by 25 cents to $2.93/MMBtu. EIA still expects lower average production and consumption in 2021 than in the prior two years.

- Date: 2020-11-10 · published 2020-11-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/50347-us-eia-bumps-up-gas-production-consumption-estimates-for-early-2021-s-and-p
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A higher Henry Hub price forecast supports US gas prices, while the upward production revision partly offsets the bullish effect. Rising LNG export demand is cited as a further support for prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-06-01 | [EIA Maintains 2024 Natural Gas Price Forecast, Sees Modest Production Decline Leading to 2025 Record](https://feedsoft.ai/events/30462-eia-maintains-2024-natural-gas-price-forecast-sees-modest-production-decline.md) | +24.9% | +9.1% |
| NATGAS | 2022-10-08 | [Global Fertilizer Price Updates: September’ 2022 -](https://feedsoft.ai/events/39446-global-fertilizer-price-updates-september-2022.md) | -3.4% | -22.1% |
| NATGAS | 2025-02-12 | [EIA’s natural gas price forecast climbs 21% - E&E News by POLITICO](https://feedsoft.ai/events/26216-eia-s-natural-gas-price-forecast-climbs-21-e-and-e-news-by-politico.md) | +54.4% | +15.3% |
| NATGAS | 2020-10-06 | [EIA: Gas prices to rise with rising demand, reduced production \| Oil & Gas Journal](https://feedsoft.ai/events/8351-eia-gas-prices-to-rise-with-rising-demand-reduced-production-oil-and-gas-journal.md) | +15.1% | +39.9% |
| NATGAS | 2021-02-11 | [US working natural gas volumes in underground storage decline 171 Bcf: EIA \| S&P Global](https://feedsoft.ai/events/5580-us-working-natural-gas-volumes-in-underground-storage-decline-171-bcf-eia-s-and.md) | +55.3% | -18.9% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/natural-gas/111020-us-eia-bumps-up-gas-production-consumption-estimates-for-early-2021

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