Washington — Rising domestic demand for natural gas and improved LNG exports heading into the winter are likely to combine with declining production to push up Henry Hub spot prices to average $3.38/MMBtu in January 2021, the US Energy Information Administration said Oct. 6. Forms EIA uses to collect energy data including descriptions, links to survey instructions, and additional information. "Weekly U.S. Henry Hub natural gas prices from December 20, 2019 to November 20, 2020 (in U.S. dollars per million British thermal units)." Energy-Related Carbon Dioxide Emissions, Energy-Related Carbon Dioxide Emissions at the State Level, 2005-2016, Energy-Related Carbon Dioxide Emissions at the State Level, through 2017, U.S. Oil and Natural Gas Wells by Production Rate, Monthly Crude Oil and Natural Gas Production ›, Midwest and Rocky Mountain Transportation Fuels Markets, East Coast and Gulf Coast Transportation Fuels Markets, U.S. Henry Hub natural gas spot prices reached record lows in the first half of 2020, U.S. natural gas production reaches a new record despite low prices, Summer natural gas prices on track to be the lowest in more than 20 years, November U.S. natural gas prices increased beyond previous market expectations, Natural gas storage likely to enter winter at lowest levels since 2005, Summer natural gas price spreads between Henry Hub and Appalachian region have narrowed, Permian region natural gas prices fall as production continues to grow, Natural gas pipeline projects lead to smaller price discounts in Appalachian region, Natural gas prices in 2016 were the lowest in nearly 20 years. Rising international natural gas prices are further indications of increasing international demand for natural gas and LNG. In 2021, EIA expects higher monthly averages for Henry Hub natural gas spot prices: $3.01 per million British thermal units, compared to … We are at the lowest price ever (Henry Hub prices). Capuano said. In 2019, natural gas spot price at Henry Hub averaged $2.57 per MMBtu, down 18 percent from 2018 levels. US petroleum demand, as measured by total domestic petroleum deliveries, was 18.8 million b/d and reflected a 5.5% increase from September but a decrease of 9% compared with October 2019, according to API's latest monthly statistical report. While spot margins are likely to remain challenged by weak demand, the case is building for a rally in deferred margins, Morgan Stanley said. An average of 95.3 million b/d of petroleum and liquid fuels was consumed globally in October, the US Energy Information Administration (EIA) estimated in its November Short-Term Energy Outlook (STEO). Cove Point LNG completed its scheduled three-week annual maintenance and resumed LNG exports in mid-October. EIA expects Henry Hub spot prices to reach a monthly average of $3.10/MMBtu in January 2021. EIA: Difference In Appalachian, Henry Hub Prices Narrowing August 2, 2018 July 1, 2019 CT2 Staff The difference in price between Appalachian hubs and Henry Hub tends to follow a seasonal pattern, according to the U.S. Energy Information Administration. EIA: Henry Hub price rises. The US Energy Information Administration (EIA) expects natural gas prices to stay low in the coming months before eventually increasing by the end of 2020. Germany’s gas demand is set to increase to more than 110 bcm by 2034 from its current level just above 90 bcm/year (bcmy), but as future supplies from Norway and the Netherlands dwindle, new imports must be sourced. Tools to customize searches, view specific data sets, study detailed documentation, and access time-series data. The agency raised its gas consumption estimates 0.51 Bcf/d to 105.05 Bcf/d for Q1, but kept its Q2 demand forecast roughly flat, lowering it only 0.01 Bcf/d to 74.7 Bcf/d. Comprehensive data summaries, comparisons, analysis, and projections integrated across all energy sources. The price of natural gas went from 5.58 to 18.48 within a month. On Thursday, active futures declined 7.5%. Capuano said. U.S. natural gas benchmark Henry Hub prices tracked nearly $1 below year-ago levels in the first half of the year, averaging only $1.81/MMBtu, according to … Henry Hub spot prices are forecast now to average $2.14/MMBtu this year, EIA said in its latest Short-Term Energy Outlook (STEO), which was released Tuesday. Higher global forward prices for LNG indicate improving netbacks for buyers of US LNG in European and Asian markets for the upcoming winter season. EIA, in its January Short-Term Energy Outlook, also lowered its Q2 Henry Hub forecast 4 cents to $2.30/MMBtu. Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. EIA expects that monthly average spot prices will remain higher than $3.00/MMBtu for all of 2021, averaging $3.19/MMBtu for the year, up from a forecast average of $2.16/MMBtu in 2020. Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Have a question, comment, or suggestion for a future article? The agency projected an average of $2.45/MMBtu in 2020 for natural gas prices at Henry Hub, down 14 cents/MMBtu from the 2019 average. Graph and download economic data for Henry Hub Natural Gas Spot Price (DHHNGSP) from 1997-01-07 to 2020-12-15 about natural resources, gas, price, and USA. Maps by energy source and topic, includes forecast maps. © 2020 Endeavor Business Media, LLC. Henry Hub prices this year, on the other hand, are expected to average just $2.04/MMBtu, according to EIA’s latest Short-Term Energy Outlook (STEO), which was released Tuesday. EIA lowers H2 2019 Henry Hub price forecast, releases regional power data Author Maya Weber; Editor Zac Aiuppa; Commodity Electric Power, Natural Gas; Author; Maya Weber; Editor; Zac Aiuppa; Commodity; Electric Power, Natural Gas; Washington — Citing late-July natural gas price decreases and expectations of production growth, the US Energy Information Administration on Tuesday lowered its Henry Hub … But EIA expects dry gas production growth to slow in 2020 because of "the lag between changes in price and … While a colder-than-average November pushed Henry Hub prices up to $2.64/MMBtu, "EIA expects US benchmark Henry Hub spot prices to average $2.45/MMBtu in 2020, down 14 cents from the 2019 average, as US production continues at a record level," said EIA Administrator Linda Capuano. EIA expects that total US consumption of natural gas will average 83.7 bcf/d in 2020, down 1.7% from 2019. All rights reserved. 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