Natural gas processing plant in winter

Natural Gas Price Outlook

Natural gas prices increased modestly over the last month as low inventory levels by historical standards were further depressed by an unusually late start to the injection season, keeping available supply low. Indeed, colder-than-expected weather for most of April led to net withdrawals in the first three weeks of the month, an unprecedented event that surprised many analysts and supported prices. On 11 May, the Henry Hub Natural Gas price was USD 2.81 per one million British thermal units (MMBtu). The price was up 4.9% from the same day in the previous month but was 5.0% lower on a year-to-date basis. In addition, the price was down 16.9% from the corresponding date in 2017. A record boom in natural gas production in the U.S., which the EIA projects will reach 80.5 billion cubic feet per day (Bcf/d) in 2018—up 6.9 Bcf/d from the 2017 level—provides some resistance to a large price upswing over the near-term. Although inventories ended April 27% below their five-year average, they are expected to catch up during the injection season and end only slightly under the five-year average by October. Nevertheless, temperatures in the coming three months are expected to be significantly higher than average, particularly in the Southwestern United States, bolstering natural gas demand for electricity production, which is used for cooling.

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

2012  2012  2013  2013  2014  
Natural Gas2.76  2.76  3.73  3.73  4.34  

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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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