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Henry Hub Spot Price Forecast Revised Up for 2024: EIA

NATGAS

US Henry Hub spot prices for 2024 have been revised up by 3 cents/MMBtu to $2.49/MMBtu, according to the EIA in its July Short Term Energy Outlook.

  • Prices in 2025 have been revised up by 1.3% to $3.29/MMBtu.
  • US dry natural gas production has been revised up for 2024 by 1.4% to 103.5 bcf/d, while production is 2025 is expected to be 105.2 bcf/d.
  • US natural gas consumption for 2024 is unchanged at 89.4 bcf/d. Consumption for 2025 is seen down 0.7 bcf/d since the June forecast at 89.2 bcf/d.

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