The Outlook for U.S. Gas Prices in 2020: Henry Hub at $3 or $10?

In this paper Michelle Foss concludes that Henry Hub gas prices could credibly be as low as $3/MMbtu, or as high as $10/MMbtu in 2020 but that the balance of likelihoods is for a price late this decade which is significantly higher than the current $3-4/MMbtu levels of 2011. Michelle Foss’ study looks at the past five years of supply, demand and pricing which have been strongly impacted by the unconventional gas –  and particularly shale gas – revolution and how different views of its evolution will impact future pricing. The study is a forensic analysis of the huge uncertainties surrounding US natural gas supply and demand which illustrates why both commentators and stakeholders have continuously failed to foresee even the approximate direction of prices, leading to the building of numerous LNG import terminals many of which now seem likely to be converted into export terminals.

By: Michelle Michot Foss

Latest Tweets from @OxfordEnergy

  • LNG in marine transport – is it about to become the environmentally-friendly fuel of choice? https://t.co/iN1e4pdLX7

    September 18th

  • OIES presentation quoted on impact of Iranian sanctions: oil market backdrop different with crude stocks below 5-ye… https://t.co/rwJaHHwzbk

    September 15th

  • OIES’s @thierry_bros on the need to move from oil to energy storage for the benefit of all - https://t.co/8yAzoF3pf4

    September 14th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.