# Natural gas oversupply will not last forever: Industry executives

> Industry executives said natural gas oversupply from mega-projects and low oil prices will not last, and Jordan Cove LNG's president expects the industry to need extra supply by 2022-2023. Henry Hub was near $3.15/mmBtu, down 11% year on year, while Asian spot LNG traded above $5.

- Date: 2017-04-04 · published 2017-04-04T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/71663-natural-gas-oversupply-will-not-last-forever-industry-executives
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Expectations of a future supply deficit support longer-term gas prices, but current low Henry Hub prices keep near-term pressure on gas-linked feed and fertilizer costs low.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2019-03-24 | [A New Trend In Natural Gas: Just-In-Time Supply \| OilPrice.com](https://feedsoft.ai/events/60258-a-new-trend-in-natural-gas-just-in-time-supply-oilprice-com.md) | -2.0% | -6.7% |
| NATGAS | 2026-10-28 | [European natural gas prices soar: What it means for your winter bills](https://feedsoft.ai/events/625-european-natural-gas-prices-soar-what-it-means-for-your-winter-bills.md) | +0.7% | — |
| NATGAS | 2025-02-12 | [Winter Weather, LNG Demand Raises Forecast Natural Gas Benchmark Prices — The Offtake](https://feedsoft.ai/events/26218-winter-weather-lng-demand-raises-forecast-natural-gas-benchmark-prices-the.md) | +54.4% | +15.3% |
| NATGAS | 2021-08-06 | [Natural gas prices surge as energy transition-driven demand outstrips supply](https://feedsoft.ai/events/45736-natural-gas-prices-surge-as-energy-transition-driven-demand-outstrips-supply.md) | -4.5% | +10.5% |
| NATGAS | 2017-11-01 | [Australian domestic natural gas prices increase as LNG exports rise](https://feedsoft.ai/events/68639-australian-domestic-natural-gas-prices-increase-as-lng-exports-rise.md) | +8.5% | +3.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/04/03/natural-gas-oversupply-will-not-last-forever-industry-executives.html

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