Sproule November 2024 Gas Market Update

Natural gas continues to play a pivotal role in the energy landscape, serving as an energy transition tool and a reliable means of baseload energy. The 2024 Natural Gas Market Update examines the fundamental drivers behind the significant volatility in gas markets and how key participants are adapting. Following subdued natural gas prices throughout 2023 and 2024, market participants have responded through strategic production cuts, growing DUC count, and reallocating capital. While consumers continue to rely on natural gas, evolving energy consumption trends and carbon intensity preferences alter the demand outlook for natural gas.

Our report underscores the significance of production efficiency, disciplined capital allocation, and burgeoning liquefied natural gas (LNG) export capacity alongside regasification infrastructure. These factors are essential for sustaining market equilibrium and fulfilling escalating global energy demands. This report serves as a guide, offering strategic insights and clarity for navigating the evolving natural gas sector.

Key Topics Include:

• Natural Gas Supply Adjustments
• LNG Export Developments
• Market Pressure and Storage Levels
• Regional Supply and Demand Forecasts