U.S. EIA Predicts Henry Hub to Average $3.79 in ’22, $3.63 in ’23

According to the U.S. Energy Information Administration (EIA), natural gas spot prices at Henry Hub averaged $3.91/MMBtu for 2021. Each month the EIA issues a Short-Term Energy Outlook (STEO). In the latest STEO update for January, EIA predicts that the annual average HH price will average $3.79/MMBtu in 2022, down $0.12 from 2021. EIA further predicts the HH price in 2023 will go down yet more, to an average of $3.63.

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