Natural Gas Market Update – May 2013

US natural gas prices trend higher on rising exporting prospects and forecasted warmer-than-average temperatures in the upcoming summer. British natural gas prices have returned to more normal levels as supply pressures ameliorate from restored Qatari deliveries and Norwegian production.

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  • US natural gas prices trend higher on rising exporting prospects and forecasted warmer-than-average temperatures in the upcoming summer.
  • British natural gas prices have returned to more normal levels as supply pressures ameliorate from restored Qatari deliveries and Norwegian production.
  • Prices in Asia Pacific mostly turned southwards in March, albeit still at historical highs. Weak Chinese industrial data and softer Brent oil prices were responsible.
  • Henry Hub prices to lift in near term on summer cooling demand and positive global sentiments from US export prospects.
  • Asian LNG prices forecast to ease from an inventory supply overhang and imminent gradual resumption of nuclear reactors.

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