RBA revisions, rates and risks ahead
June 4, 2013
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.
- 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.
For further analysis download the full report.
- Natural Gas Market Update – May 2013 (PDF 232 KB)
