• CERAWEEK 2025 | March 10-14, 2025
  • CERAWEEK
  • March 10 - 14, 2025

Samuel Andrus

IHS Markit

Executive Director, Energy

Samuel J. Andrus, Executive Director, IHS Markit, is an authority on North American energy markets with 40 years of operational and trading experience in natural gas and power markets. At IHS Markit, he is responsible for the North American natural gas analytics practice, which covers modeling of supply, demand, storage, and price in support of short, intermediate and long-term market outlooks. Sam co-authored with Dr. Yergin the paper entitled “The Shale Gale turns 10: A powerful wind at America’s back” and has contributed to numerous shale related research projects such as America’s New Energy Future and Fueling the Future with Natural Gas. Besides his general focus on gas market fundamentals, Sam specializes in the operation and commerciality of interstate pipelines and underground storage as well as helping clients to understand the relationship between physical and financial natural gas markets relative to the development of natural gas contracting and hedging strategies. Prior to joining IHS Markit, Mr. Andrus provided consulting services to the energy industry and helped start and manage several energy trading organizations, overseeing natural gas trading and risk management, including short-term and long-term hedging of gas production and fuel supply for full requirements power contracts, as well as participating in US Federal Energy Regulatory Commission and Canada’s National Energy Board regulatory proceedings. Mr. Andrus began his career with ANR Pipeline Company where over a span of 19 years he held a range of technical and managerial positions in reservoir engineering, pipeline operations, facility planning, and business development. Mr. Andrus holds a BA in Chemistry from Adrian College, a BS in Chemical Engineering from the University of Michigan, and an MBA from the University of Detroit.

Sessions With Samuel Andrus

Wednesday, 11 March

  • 11:30am - 12:30pm (CST) / -

    North American Gas: A market in transition
    Upstream Oil & Gas

    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?