Commodities Buzz: EIA expects spot price of natural gas at Henry Hub to average $3.10 per MMBtu in 2025

The US Energy Information Administration or EIA stated yesterday that the Henry Hub spot price are generally seen rising over the next two years in its forecast. EIA expects the spot price of natural gas at Henry Hub to average $3.10 per million British thermal units (MMBtu) in 2025 and $4.00/MMBtu in 2026, up from a historically low average of around $2.20/MMBtu in 2024. It expects wholesale natural gas prices to increase because growth in demand?led by liquefied natural gas exports?outpaces production growth and keeps inventories during the next two years at or below their previous five-year averages during most of the forecast period.

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