Loading…
Near-record April and May storage injections driven by mild weather have pressured Henry Hub prices, though a price floor may have formed. Wood Mackenzie cut its 2019 US LNG feedgas forecast by about 0.2 bcfd and its 2020 forecast by about 0.5 bcfd because of train delays at Cameron and Freeport.
A Sempra and Saudi Aramco deal for Port Arthur LNG could help advance that project toward a final investment decision.
Delayed LNG export trains reduce demand for US gas, which weighs on Henry Hub prices. Large storage builds add further bearish pressure unless summer heat lifts demand.
woodmac.comWood MackenzieMay 28, 2019After 29 past bearish logistics events, Natural Gas moved a median -9.8% over 5 sessions (21% higher; middle half -20.0% to -3.1%), and -16.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
