EIA revises Henry Hub price estimates

EIA revises Henry Hub price estimates
Illustration purposes only (Image courtesy of Chevron)

The U.S. Energy Information Administration has slightly revised its forecast for Henry Hub natural gas spot prices for this year and 2019. 

In its latest Short-Term Energy Outlook, EIA notes that the Henry Hub natural gas spot price is expected to average $2.99 per mmBtu in 2018, in line with previous projections.

However, the Henry Hub natural gas spot price for 2019 is expected to average slightly below the previous forecast of $3.07/mmBtu standing at $3.04/mmBtu.

During the past month, the Henry Hub natural gas spot price averaged $2.97/million British thermal units, EIA’s report shows.

U.S. dry natural gas production averaged 73.6 billion cubic feet per day (Bcf/d) in 2017, the report shows.

EIA forecasts dry natural gas production will average 81.3 Bcf/d in 2018, establishing a new record. EIA expects natural gas production will rise by an additional 3.1 Bcf/d in 2019 to 84.5 Bcf/d.

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >