EIA Predicts NatGas Prices Going Higher in 2H23 – July STEO

Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. Last month the EIA predicted an average price at the Henry Hub of $2.66/MMBtu for 2023, and $3.42/MMBtu for 2024 (see EIA Slashes 2023/24 NatGas Price Prediction in June STEO Report). The July STEO, released yesterday, lowers both of those projections once again.

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