EIA April STEO Lowers Projected HH Spot Price for 2026 & 2027
The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook (STEO) yesterday. The STEO is the agency’s monthly best estimate of where energy prices and production will head over the next 12 months. There was a revision to the agency’s prediction about the spot price (at the Henry Hub) for natural gas in 2026 and 2027. Just last month, EIA predicted the HH spot price would average $3.76 per million British thermal units (MMBtus) this year, and $3.85 next year (see EIA Mar. STEO Makes Big Change Down (-$0.55) re 2026 Avg Spot Price). Yesterday, those prices were revised to $3.67 in 2026 (down 9 cents) and $3.59 in 2027 (down 26 cents). Read More “EIA April STEO Lowers Projected HH Spot Price for 2026 & 2027”
The Trump administration’s proposed Fiscal Year 2027 budget would establish four Centers of Excellence at the National Energy Technology Laboratory (NETL), focusing on oil and natural gas, coal, critical minerals, and geothermal energy. Pittsburgh’s South Park facility will house the oil and gas center, while Morgantown, West Virginia, will host the coal center. NETL’s infrastructure funding will rise 2% to $58 million, but research operations will face an 8% cut to $80 million. Programs supporting coal-impacted communities and clean hydrogen hubs would be eliminated. Industry groups, including the Marcellus Shale Coalition and Pennsylvania Coal Alliance, praised the administration’s energy-focused direction. 
Caturus has reached major milestones in its “wellhead-to-water” strategy, finalizing customer offtake agreements (new customer signups) for its $12.5 billion, 9.5 MTPA Commonwealth LNG project in Louisiana. This commercialization milestone paves the way for imminent project financing and a final investment decision (FID) in the coming weeks. Key international partners, including EQT LNG Trading, Glencore, Mercuria, PETRONAS, and Aramco Trading Americas, have signed long-term Sale and Purchase Agreements. 
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