LNG Spot Price Forecasting and the Futures Curve

Gas production and consumption registered record-high volumetric increases in 2018. Production increased by 5.2%, the highest rate since 2010 and more than double the 10-year average growth rate of 2.3%. Gas consumption increased by 5.3%, with the US (78 bcm) registering the strongest growth on record. China also saw above-average growth of 17.7% (43 bcm). Author: Nikolai Drahos, OIES