Natural gas processing plant in winter

Natural Gas Price Outlook

Natural gas prices lost ground at the end of June, following a report by the U.S. Energy Information Administration (EIA) showing a larger-than-expected increase in natural gas supply. Despite predictions of hotter summer temperatures, which would boost power generation demand, and the EIA’s reports of lower storage levels, surging supply outpaced demand, negating the upside pressures. On 6 July, the Henry Hub Natural Gas price was USD 2.86 per one million British thermal units (MMBtu). The price was 1.3% lower than on the same day in the previous month and was down 3.2% on a year-to-date basis. In addition, the price was 1.0% lower than on the corresponding date in 2017. Natural gas prices will likely be subdued during the rest of the summer as supply levels remain at record highs, putting downward pressure on prices. Moreover, supply is expected to ramp up further going forward—particularly in the U.S. and Russia—in response to growing demand. However, this will be partly offset by lower production from several key players, including Australia, which recently downgraded its forecasts for export volumes for 2018 and 2019. In addition, the Netherlands is winding down supply at the Groningen field starting this year until 2030 due to earthquake concerns.

Natural Gas Price History Data (USD per MMBtu, aop)

2013  2014  2015  2016  2017  
Natural Gas3.76  4.26  2.63  2.55  3.02  

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities.


Natural Gas Historical Price Chart

Natural Gas historical price chart
Note: U.S. Henry Hub Natural Gas, prices in in USD per Million of British Thermal Units (MMBtu). Daily prices.

Sample Report

Price forecasts and historical data for Energy, Metals and Agricultural Commodities


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