The EIA's January Short-Term Energy Outlook forecasts Henry Hub natural gas averaging $3.10/MMBtu in 2025 and $4.00/MMBtu in 2026, up from record lows in 2024. Demand growth, led by U.S. LNG exports, is expected to outpace supply growth and pull storage below the five-year average by mid-2025.
Tighter storage and rising LNG feedgas demand point to higher natural gas costs, which raise energy and processing costs for feed producers and compete for fuel-based inputs.
After 74 past bullish report events, Natural Gas moved a median +1.3% over 5 sessions (55% higher; middle half -4.0% to +11.3%), and +2.1% 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.