Bank of America raised its 2025 Henry Hub forecast to $4.64 per MMBtu and its 2026 forecast to $4.50, with a possible jump to $6 next winter. Feed gas demand from Plaquemines LNG is ramping toward 3 Bcf/d, and Trinidad's Atlantic LNG Train 3 is offline for maintenance.
Rising LNG feed gas demand and a higher price outlook point to firmer US gas costs, which affect fertilizer and energy inputs for feed. Maintenance outages elsewhere add to tightness in the Americas.
After 59 past bullish trade events, Natural Gas moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% over 20.
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.