EIA Lowers 2023 Natural Gas Price Outlook By 30% ...Middle East

The U.S. Energy Information Administration lowered on Tuesday its 2023 natural gas Henry Hub price by 30.5%, according to its latest Short Term Energy Outlook (STEO). The EIA now sees the 2023 natural gas price at Henry Hub at $3.40 per MMBtu, down from $4.90 per MMBtu in its previous forecast. The Henry Hub natural gas price last year was $6.42 per MMBtu last year. The EIA said it revised its outlook for Henry Hub prices “as a result of significantly warmer-than-normal weather in January that led to less-than-normal consumption of natural…

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