# We expect Henry Hub natural gas spot prices to fall slightly in 2026 before rising in 2027

> The EIA's January Short-Term Energy Outlook forecasts Henry Hub spot prices to fall about 2% to just under $3.50/MMBtu in 2026. Prices are then projected to rise about 33% in 2027 as LNG export demand outpaces supply growth. The forecast is based on the January 14 outlook.

- Date: 2026-02-01 · published 2026-02-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/21227-we-expect-henry-hub-natural-gas-spot-prices-to-fall-slightly-in-2026-before
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

A slight 2026 price decline points to a stable US gas cost base for feed and fertilizer producers, while the 2027 rise signals higher costs ahead. Export demand growth from new LNG plants is the key driver to watch.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-11-14 | [EIA: Henry Hub Spot Prices Fall, but Retail Prices Still High](https://feedsoft.ai/events/38863-eia-henry-hub-spot-prices-fall-but-retail-prices-still-high.md) | +16.7% | +25.3% |
| NATGAS | 2018-06-28 | [Global Natural Gas Prices Converged More in 2017 as Use of LNG Spot Prices Increased](https://feedsoft.ai/events/64716-global-natural-gas-prices-converged-more-in-2017-as-use-of-lng-spot-prices.md) | -4.3% | -6.8% |
| NATGAS | 2019-02-01 | [EIA expects relatively flat natural gas prices, continued record production through 2020](https://feedsoft.ai/events/61272-eia-expects-relatively-flat-natural-gas-prices-continued-record-production.md) | -8.2% | +7.2% |
| NATGAS | 2019-01-07 | [Natural gas prices, production, consumption, and exports increased in 2018](https://feedsoft.ai/events/61278-natural-gas-prices-production-consumption-and-exports-increased-in-2018.md) | +3.6% | -10.4% |
| NATGAS | 2019-03-01 | [What Happened to Natural Gas Prices at the End of 2018? : U.S. Bureau of Labor Statistics](https://feedsoft.ai/events/7998-what-happened-to-natural-gas-prices-at-the-end-of-2018-u-s-bureau-of-labor.md) | +1.1% | -5.3% |

## Sources

- eia.gov: https://www.eia.gov/todayinenergy/detail.php?id=67004

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.