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US Natgas to Hit $3 by 2025: Hayes & Boone

NATGAS

US natural gas is expected to reach the $3/MMBtu level as early as 2025, as electricity-intensive data centres boost power-plant demand, law firm Hayes & Boone said, cited by Bloomberg.

  • An unreasonably mild North American winter and ample supplies pushed US natural gas prices to a near 28-year low.
  • The price drop has prompted some companies to curb hedging aimed at shielding producers from the market.
  • “We’re seeing producers hedge a little less aggressively, which could be a nod to those rock-bottom natural gas prices,” Kim Mai, a partner in Haynes & Boone’s energy practice said, cited by Bloomberg.
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