Commodities Buzz: Henry Hub price to average around $3.70 per MMBtu this year says EIA

The US Energy Information Administration or EIA stated in a latest monthly update for July that ccompared with June forecast, it expects more natural gas in storage in the coming months. As a result, it has reduced forecast for natural gas prices. EIA noted that the US natural gas inventories will total 3,910 billion cubic feet at the end of the injection season in October, which is 5% more natural gas in storage than forecast last month. The Henry Hub spot price will average about $3.40 per million British thermal units (MMBtu) in 3Q25, down 16% from EIA?s June forecast. EIA further expects prices will rise in the coming year, with the Henry Hub price averaging almost $3.70/MMBtu this year and $4.40/MMBtu next year. The forecast increase largely reflects the expectation that production will fall slightly in 2026, while LNG exports continue to increase.

Powered by Commodity Insights