Natural Gas

Your hub for gas market insights

CME Group’s Chart of the Month series delivers exclusive global gas insights to your inbox, every month to help you stay one step ahead of the natural gas marketplace.

In the latest edition of our new series, our Chart of the Month considers the impact of global dynamics on US LNG exports. A mild winter coupled with high gas production has seen US gas stocks climb to a five-year high and Henry Hub front month prices tumbling. Yet, while this is familiar territory for US market participants, the additional impact of lower than expected US LNG demand may move the market in an unexpected way.

The global LNG market is currently well supplied and a slowdown in Chinese imports due to Coronavirus is adding further pressure to an already depressed market. This summer’s LNG export capacity is expected to reach 9.0 bcf/d, a significant increase on summer 2019. However, given global market dynamics, the question remains as to what extent this will materialise. You can find more about the patterns and logic of the link in our Chart of the Month and accompanying analysis.