# IHS Markit: US natural gas price will fall to levels not seen since 1970s | World Pipelines

> IHS Markit forecasts a persistent US natural gas oversupply will push the 2020 average Henry Hub price below $2/MMBtu in real terms, the lowest since the 1970s. Production is expected to exceed 90 billion ft3/d in 2019 and 2020, outpacing robust domestic demand and rising LNG exports. A fresh surge of Permian associated gas is expected to add further supply.

- Date: 2019-09-13 · published 2019-09-13T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/57254-ihs-markit-us-natural-gas-price-will-fall-to-levels-not-seen-since-1970s-world
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Cheap US natural gas lowers energy costs for feed processors and supports competitive pricing for US grain-based feed ingredients, while weighing on energy-linked price sentiment.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-01-03 | [Natural Gas Prices in Europe Fall to Pre-Invasion Levels - The New York Times](https://feedsoft.ai/events/9189-natural-gas-prices-in-europe-fall-to-pre-invasion-levels-the-new-york-times.md) | -4.8% | -32.8% |
| NATGAS | 2020-05-14 | [How Will Natural Gas Navigate The Post-Coronavirus World?](https://feedsoft.ai/events/10441-how-will-natural-gas-navigate-the-post-coronavirus-world.md) | +13.4% | +12.8% |
| NATGAS | 2026-10-23 | [U.S. Natural Gas Futures Fall on Mild Near-Term Weather - WSJ](https://feedsoft.ai/events/626-u-s-natural-gas-futures-fall-on-mild-near-term-weather-wsj.md) | +2.3% | — |
| NATGAS | 2023-03-20 | [Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap](https://feedsoft.ai/events/37032-global-natural-gas-prices-keep-falling-as-demand-weakens-banking-crisis-weighs.md) | -10.6% | -5.7% |
| NATGAS | 2020-03-26 | [How coronavirus will alter natural gas markets](https://feedsoft.ai/events/54311-how-coronavirus-will-alter-natural-gas-markets.md) | -5.2% | +6.3% |

## Sources

- worldpipelines.com: https://www.worldpipelines.com/business-news/13092019/ihs-markit-us-natural-gas-price-will-fall-to-levels-not-seen-since-1970s/

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