FERC: Natural gas prices will be higher than recent years this winter
Tuesday, October 25, 2022
The Federal Energy Regulatory Commission said natural gas prices at major U.S. trading hubs are expected to remain higher than in recent years for the upcoming winter, according to Reuters.
Even if domestic natural gas production continues to outpace domestic demand, “forecasts anticipate that continued growth in net exports, including from liquefied natural gas (LNG) export facilities, will place additional pressure on natural gas prices this winter,” the FERC said.
The Henry Hub natural gas futures contract price averaged $6.82 per million British Thermal Units (MMBtu) for winter 2022-2023, which is up 30% from last winter’s settled price, the FERC reported in its annual summer assessment.
Learn more: Reuters > U.S. FERC says winter natgas prices will be up from recent years
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