For a printable version of this document, click here.
Understanding the Symbols
Upward market pressure
Flat market pressure
Downward market pressure
Looking Ahead to Winter 2024-2025
Market Pressure Points
Production/Supply
Weather
Economy
Demand
Storage
Wild Card Factors
Winter Expectations
Supply: Winter Production to Surpass Previous Records But Growth Rate Slows
Winter-to-winter pressure on natural gas prices
Natural Gas Production: Rigs and DUCs Indicate Slower Growth
Slight Growth in Non-Associated Gas Adding to Continued Growth of Associated Gas
Demand: Winter Heating Season (November-March) Weather
Winter-to-winter pressure on natural gas prices
Demand: Economy
Winter-to-winter pressure on natural gas prices
Demand: Demand Projected 5% Higher Than Last Winter
Winter-to-winter pressure on natural gas prices
The Growth of Natural Gas in the Fuel Mix 2017-2024
Power Burn Growth: Structural Growth vs. Economic Switching
U.S. Power Generation Fuel Mix: Five Year Snapshot 2018-2024
Focus: Industrial Demand Peak Growth Phase
U.S. Natural Gas Prices Exponentially Lower Than EU, Asia
U.S. LNG Exports Meet Demand; Help Fill EU Storage for Winter
Supply: Winter Storage
Winter-to-winter pressure on natural gas prices
This Season’s Winter Outlook
Winter-to-winter pressure on natural gas prices
Winter Outlook: Wild Cards
Final Thoughts
About NGSA
-
Represents major producers and suppliers of domestic natural gas
-
Integrated and independent companies: 9 members
-
Founded in 1965
-
-
Only national natural gas association representing producers and suppliers with a dedicated focus on downstream issues
-
Promotes benefits of competitive natural gas markets, resulting in reliable and efficient transportation and delivery, increased supply and demand
-
Includes the Center for LNG
-
Tagline: “Markets Matter”