Sept. EIA STEO Predicts $9 NatGas in 4Q22, $6 NatGas for 2023

Once a month, the analysts at the U.S. Energy Information Administration (EIA) grab the official Henry Hub pricing dart board and play a quick game to determine what price they will predict for the average Henry Hub spot price for natural gas for the rest of this year, and an average price for all of next year. Last month the Short-Term Energy Outlook (STEO) prediction for Henry Hub natural gas in 2H22 was $7.54 per MMBtu, and for all of next year $5.10, due to an increase in production (see EIA 2H22 Henry Hub Price Prediction Continues to Gyrate Up & Down). The September STEO was issued yesterday, revising those predictions up by quite a bit.

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