# EIA Maintains 2024 Natural Gas Price Forecast, Sees Modest Production Decline Leading to 2025 Record

> The EIA kept its 2024 Henry Hub spot price forecast at $2.20/MMBtu in its May Short-Term Energy Outlook. It expects US dry gas output to fall 1% in 2024 and rise 2% in 2025 to a record near 105 Bcf/d. The agency also projects a 2025 Henry Hub average of $3.10.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/30462-eia-maintains-2024-natural-gas-price-forecast-sees-modest-production-decline
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The forecast of lower 2024 output and higher 2025 prices signals a firmer gas market ahead. This affects energy-cost planning for feed producers over the next year.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-05-11 | [EIA’s Natural Gas Price Forecast Ticks Up to $3.05 on Exports, U.S. Demand](https://feedsoft.ai/events/47267-eia-s-natural-gas-price-forecast-ticks-up-to-3-05-on-exports-u-s-demand.md) | +4.0% | +6.4% |
| NATGAS | 2025-02-12 | [EIA’s natural gas price forecast climbs 21% - E&E News by POLITICO](https://feedsoft.ai/events/26216-eia-s-natural-gas-price-forecast-climbs-21-e-and-e-news-by-politico.md) | +54.4% | +15.3% |
| NATGAS | 2025-02-11 | [Press Release (02/11/25):  EIA revises forecast for 2025 U.S. natural gas prices, leaves other forecasts largely unchanged](https://feedsoft.ai/events/8689-press-release-02-11-25-eia-revises-forecast-for-2025-u-s-natural-gas-prices.md) | +46.3% | +30.3% |
| NATGAS | 2016-11-09 | [US natural gas output set for first decline since 2005 and LNG will add to Henry Hub price rises](https://feedsoft.ai/events/74030-us-natural-gas-output-set-for-first-decline-since-2005-and-lng-will-add-to.md) | +4.6% | +48.7% |
| NATGAS | 2017-01-10 | [Henry Hub Spot NatGas Prices Seen Heading Higher in 2017 Than December Forecast, EIA Says](https://feedsoft.ai/events/73144-henry-hub-spot-natgas-prices-seen-heading-higher-in-2017-than-december-forecast.md) | +8.6% | -4.4% |

## Sources

- naturalgasintel.com: https://naturalgasintel.com/news/eia-maintains-2024-natural-gas-price-forecast-sees-modest-production-decline-leading-to-2025-record/

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