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how gas will be priced and traded internationally in the future. Th e international gas trade is dominated by a reference pricing mechanismâoil indexationâthat originated in Europe in the 1960s but is under growing pressure there, bringing into question how natural gas may be priced in the future, not only in Europe, but in Asia and beyond. Historically, international trade in gas was quite limited, as gas was produced
the january short term energy outlook also cut the agency s 2015 natural gas price call to $ 3 44 mmbtu which is 39 cents below last month s forecast in comparison henry hub spot prices averaged $ 4 39 mmbtu in 2014 the agency saidia expects the henry hub natural gas spot price to average $ 3 52 mmbtu this winter compared with $ 4 51 mmbtu last winter reflecting both lower than expected space heating demand and higher natural gas production this winter eia said total marketed production is slated to reach 78 53 bcf d in 2016