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Natural gas processing plant in winter

Natural Gas Price Outlook

Natural gas prices continued to wither over the past month on weaker-than-average drawdowns in underground storage levels. On 14 February, the Henry Hub Natural Gas price was USD 1.83 per one million British thermal units (MMBtu), which was 16.4% lower than on the same day in the previous month. Moreover, the price was down 16.4% on a year-to-date basis and was 28.9% lower than on the corresponding day in 2019. Prices in late January tapered as below-average withdrawals of underground natural gas stocks in the week ending 17 January indicated demand for heating remained downbeat, while production levels were solid. The Henry Hub spot price remained depressed in February, as warmer-than-normal temperature forecasts for the month should keep demand for natural gas downbeat. Consequently, the EIA cut its price estimates notably and for the second consecutive month. Moreover, the coronavirus also weighed on projections for Chinese LNG import demand in Q1; as a result, some analysts have lowered their US LNG export forecasts, further suppressing prices.

Natural Gas Price History Data (USD per MMBtu, aop)

2015  2016  2017  2018  2019  
Natural Gas 2.63  2.55  3.02  3.07  2.53  

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Natural Gas Historical Price Chart


Natural Gas historical price chart
Note: U.S. Henry Hub Natural Gas, prices in in USD per Million of British Thermal Units (MMBtu). Daily prices.

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