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Session Details

North American Gas: Searching for demand

Wednesday, March 11

11:30 am - 12:30 pm

The Shale Gale is colliding with the political winds pushing rapid growth of renewables, creating significant turmoil for natural gas markets. North American gas demand has almost doubled over the last decade and LNG export capacity is projected to grow by another 3.5 Bcf/d in 2020. But 2019 supply growth has gotten ahead of 2020 demand, setting up Henry Hub prices not seen since the 1970s. How will the market rebalance in the short term? Is decarbonization a threat or opportunity for natural gas in the longer term? With North America oversupplied in 2020, how quickly can production fall? Is there power demand elasticity below $2.00/MMBtu? Can European markets absorb marginal US LNG exports? Are renewables increasing or decreasing the need for gas-fired power generation?

Session Speakers