Will natural gas prices fall in early 2023?

We forecast that natural gas prices will fall in early 2023 because of more domestic natural gas production, less LNG export and domestic natural gas demand growth, and more natural gas placed in storage. Tags: prices, forecasts/projections, natural gas, STEO (Short-Term Energy Outlook)

Will natural gas production increase in 2022?

We expect U.S. production of dry natural gas to increase in 2022, but not as much as demand. We expect dry natural gas production will average 96.5 Bcf/d in 2022, which is 3.2% (or 3.0 Bcf/d) higher than the 2021 average. Because demand for natural gas has outpaced production, natural gas inventories have remained low.

Why did natural gas prices revert last week?

Bearish market sentiment persists despite robust LNG exports. U.S. natural gas prices retreated last week, with futures closing lower despite robust liquefied natural gas (LNG) exports. The mild weather forecasts, indicating lower heating demand through late December, contributed to this trend, somewhat mitigating the selling pressure.

How much does natural gas cost in October?

1448 ET – The front-month natural gas contract for October delivery, which expired today, finishes 4.1% higher on the day at $2.764/mmBtu, marking a fourth straight session of prices increases.