Webinar on-demand: North American Gas and Power Outlook

What was covered in the webinar:

• Energy Aspects’ summer outlook for North American gas; including lower Henry Hub price forecasts, strong production growth, and expectations for end-October storage above 3.9 Tcf.
• The supply outlook across the Lower 48; with production growth led by the Permian, additional gains from Haynesville, and limited growth from Appalachia due to pipeline constraints.
• Conditions in the Permian gas market; including takeaway bottlenecks, higher flaring, negative Waha pricing, and the expected effect of new pipeline capacity from late 2026.
• The outlook for LNG feedgas demand; including growth from Corpus Christi and Golden Pass, summer utilisation limits at US LNG terminals, and slower LNG demand growth than overall production growth.
• Summer gas-to-power trends; with lower gas prices expected to support more coal-to-gas switching and a higher gas share in thermal generation.
• Energy Aspects’ view on North American power markets; including load growth trends, the role of data centres, and the outlook for gas burn in PJM and ERCOT.
• PJM market conditions; including generator outages, summer spark spreads, load growth in Dominion and AP, and the pricing effect of Virginia rejoining the Regional Greenhouse Gas Initiative from 1 July.
• ERCOT market conditions; including softer summer pricing, the effect of real-time co-optimisation, continued load growth, and the growing role of batteries and solar in shaping evening peak prices.

Webinar recorded on 16 April 2026.