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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
EIA expect natural gas prices to increase from November levels because of both higher winter natural gas demand and rising LNG exports according to the December Short-Term Energy Outlook released yesterday.
- They forecast for the Henry Hub spot price average of more than 6$/mmbtu in 1Q23, up from November’s monthly average of about 5.50$/mmbtu.
- The expect a 0.7% increase in US natural gas production in 2023 to 100.4bcf/d due to an earlier lifting of pipeline capacity constraints from the Permian Basin.
- The possibility of high price volatility remains but gas prices are expected to decline after January due to the rising US production, helping storage levels move closer to the previous five-year average.
- They expect LNG exports will reach 12.7bcf/d by the end of 2023 with Freeport LNG ramping up utilization in the coming months and reaching full capacity by March 2023.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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