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US NATGAS: Henry Hub Spot Price Forecast Raised 10.7% for 2025: EIA STEO

US NATGAS
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US Henry Hub spot prices for 2025 have been raised by 10.7% to $4.19/MMBtu, according to the EIA in its March Short Term Energy Outlook.

  • Moreover, prices in 2026 are seen at $4.47/MMBtu, up from $4.16/MMBtu in the Feb. outlook.
  • “Because we now expect more consumption of natural gas in 2025 and 2026 and less natural gas in storge, we have raised our forecast Henry Hub spot price,” the EIA said.
  • US dry natural gas production across 2025 has been revised up 0.6 bcf/d to 105.2 bcf/d.
  • Production in 2026 is expected to be 107.5 bcf/d, up 0.2 bcf/d from Feb’s forecast.
  • US natural gas consumption for 2025 is revised up 1.3 bcf/d from Feb’s forecast to 92.0 bcf/d, while 2026 consumption is at 91.1 bcf/d, up 0.9 bcf/d.
  • “We now expect natural gas inventories to fall below 1.7 Tcf at the end of March, which is 10% below the previous five-year average and 6% less natural gas in storage than we had expected last month,” the EIA said.
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US Henry Hub spot prices for 2025 have been raised by 10.7% to $4.19/MMBtu, according to the EIA in its March Short Term Energy Outlook.

  • Moreover, prices in 2026 are seen at $4.47/MMBtu, up from $4.16/MMBtu in the Feb. outlook.
  • “Because we now expect more consumption of natural gas in 2025 and 2026 and less natural gas in storge, we have raised our forecast Henry Hub spot price,” the EIA said.
  • US dry natural gas production across 2025 has been revised up 0.6 bcf/d to 105.2 bcf/d.
  • Production in 2026 is expected to be 107.5 bcf/d, up 0.2 bcf/d from Feb’s forecast.
  • US natural gas consumption for 2025 is revised up 1.3 bcf/d from Feb’s forecast to 92.0 bcf/d, while 2026 consumption is at 91.1 bcf/d, up 0.9 bcf/d.
  • “We now expect natural gas inventories to fall below 1.7 Tcf at the end of March, which is 10% below the previous five-year average and 6% less natural gas in storage than we had expected last month,” the EIA said.