The North American natural gas market made great strides through late 2020 and winter 2021. Production has rebounded with associated gas production, driven by a stronger crude oil price, nearly back to pre-pandemic levels. Demand is morphing and changing with more emphasis on the export market. LNG feed gas deliveries are becoming an increasingly critical component of demand, impacting the level of natural gas in storage and influencing prices at Henry Hub. As the market enters a new transition and a phase out of the days of COVID, what are the expectations for summer 2021 and how will supply and demand fundamentals play out headed into winter 2020-21?
Thu, Apr 15, 2021 · 2:00 PM Central Time (US & Canada) (GMT -5:00)
Jack Weixel
Senior Director, IHS Markit
Jack Weixel is a Senior Director with IHS Markit and plays a key role in product development and client support focused on modeling real-time, short-term and long-term forecasts of natural gas supply, demand and storage. Jack comes to IHS Markit from OPIS where he helped build that company’s first ever natural gas fundamentals service, the PointLogic Energy Suite. Prior to joining OPIS and IHS Markit, Jack was a director for Bentek Energy, managing its North American Natural Gas, European Gas, and GIS business units in addition to serving on the company’s Senior Leadership Team. He previously led the company’s Client Services division along with the company’s Midcontinent and Canadian natural gas desks. Before joining Bentek in 2006, Jack spent seven years as a senior energy regulatory consultant for the EOP Group, Inc. in Washington, DC after working in the U.S. Senate. He holds a Master’sin Business Administration from George Washington University and a degree in Finance from Emory University in Atlanta, GA. He also serves on the board of directors for Energy Outreach Colorado and Denver CASA.
Sam Andrus
Executive Director, North American Gas, IHS Markit
Samuel J. Andrus, Executive Director, IHS Markit, is an authority on North American energy markets with over 35 years of operational and trading experience in natural gas and power markets. At IHS Markit, he is responsible for the North American natural gas analytics practice, which covers modeling of supply, demand, storage, and price in support of short, intermediate and long-term market outlooks. Sam recently co-authored with Dr. Yergin the paper entitled “The Shale Gale turns 10: A powerful wind at America’s back” and has contributed to numerous shale related research projects such as America’s New Energy Future and Fueling the Future with Natural Gas. Besides his general focus on gas market fundamentals, Sam specializes in the operation and commerciality of interstate pipelines and underground storage as well as helping clients to understand the relationship between physical and financial natural gas markets relative to the development of natural gas contracting and hedging strategies.
Prior to joining IHS Markit, Mr. Andrus provided consulting services to the energy industry and helped start and manage several energy trading organizations, overseeing natural gas trading and risk management, including short-term and long-term hedging of gas production and fuel supply for full requirements power contracts, as well as participating in US Federal Energy Regulatory Commission and Canada’s National Energy Board regulatory proceedings. Mr. Andrus began his career with ANR Pipeline Company where over a span of 19 years he held a range of technical and managerial positions in reservoir engineering, pipeline operations, facility planning, and business development. Mr. Andrus holds a BA in Chemistry from Adrian College, a BS in Chemical Engineering from the University of Michigan, and an MBA from the University of Detroit.
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