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UBS expects US natural gas prices to climb in 2026 as LNG exports rise, citing EIA projections that LNG exports reach nearly 18 bcf/d by late 2026. Spot gas traded near $3.25/MMBtu, down over 10% year to date.
Plaquemines LNG Phase 2 and Golden Pass LNG are the main drivers of the export growth.
Forecast higher gas prices in 2026 would raise nitrogen fertilizer and energy costs for feed producers, though the effect is a forward view rather than an immediate shift.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.