U.S. natural gas prices at the Henry Hub benchmark in Louisiana will average $2.75 per million British thermal units (mmBtu) in 2023, their lowest since 2020, before rising to $3.45 in 2024, according to analyst forecasts.
That compares with a 14-year high of $6.42 per mmBtu in 2022, a 25-year low of $2.03 in 2020 due to coronavirus demand destruction and a five-year average (2018-2022) of $3.62.
Source: Reuters (Reporting by Scott DiSavino)