(12 Mar 2025, 13:01)

Commodities Buzz: EIA says Henry Hub Natural Gas will average $4.20 per MMBtu in 2025, up 11% compared to last month's forecast

Energy Information Administration or EIA stated in a latest monthly update that cold weather during January and February led to more consumption of natural gas and large withdrawals of natural gas from inventories. EIA now expects natural gas inventories to fall below 1.7 trillion cubic feet 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. It has also increased forecast for overall electricity generation over the next two years. As a result, EIA now expects the electric power sector will use more than 36 billion cubic feet per day of natural gas on average in 2025 and 2026, 2% and 1% more, respectively, than last month. Overall, EIA expects natural gas in storage to be 4% lower in 2025 and 3% lower in 2026 compared with what it had forecast last month. Since it expects more consumption of natural gas in 2025 and 2026 and less natural gas in storge, EIA has raised forecast for Henry Hub spot prices too. The Henry Hub price will average around $4.20 per million British thermal units (MMBtu) in 2025, 11% more than last month’s forecast. The annual average price in 2026 will be near $4.50/MMBtu, up 8% from last month.

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Commodities Buzz: EIA says Henry Hub Natural Gas will average $4.20 per MMBtu in 2025, up 11% compared to last month's forecast