The Golden Pass LNG facility in Port Arthur, Texas
EIA again cuts US gas price forecasts, but market still to tighten
The administration has once more reduced its short-term gas price forecasts, but the expectation remains the market will tighten over the coming year
The US Energy Information Administration (EIA) has again slashed its short-term forecasts for domestic gas prices, citing supply outpacing demand that has also driven storage levels sharply higher. Even so, prices are expected to climb over the rest of the year and into next as demand, lifted by LNG exports, once more overtakes production in terms of growth. In its August Short-Term Energy Outlook (STEO), the EIA said prices had already undershot earlier projections. The Henry Hub spot price averaged almost $3.20/m Btu between April and July, about $0.80 below the agency’s April forecast. The EIA now expects Henry Hub to reach $3.90/m Btu in the fourth quarter of 2025 and $4.30/m Btu in 2026
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