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EIA expects spot Natural Gas prices to average around $4 per mmbtu in 2025
11-Jun-2025 14:38
The US Energy Information Administration or EIA has stated in a latest monthly update that the Henry Hub spot price in is likely to average about $4.00 per million British thermal units (MMBtu) in 2025 and $4.90/MMBtu in 2026, compared with $2.20/MMBtu in 2024. Higher natural gas prices in 2025 and 2026 are the result of strong export growth that persistently outpaces US natural gas production. Natural gas consumption in the US electric power sector is the primary source of natural gas consumption in the summer, as electricity is used to meet demand for air conditioning during warmer weather months. EIA forecast natural gas consumed to generate electricity in the United States will average 38.4 billion cubic feet per day (Bcf/d) in June, up 26% from May. US natural gas consumption in the electric power sector in May was down 9% from last year, as milder weather kept consumption levels relatively low.

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