In its latest short-term energy outlook, U.S. Energy Information Administration said U.S. natural gas prices will remain relatively flat in 2026 before rising in 2027 as market conditions tighten. EIA said Jan. 13 that factors such as expansion of U.S. LNG export capacity and increased natural gas consumption in the electric power sector are expected to drive stronger demand, push storage inventories below the five-year average, and put upward pressure on prices by outpacing production growth.
EIA estimated that Henry Hub natural gas spot price will average $3.46 per million BTU this year – a two percent decrease from $3.53 in 2025 – and then rise by 33 percent to $4.59 per million BTU in 2027.