EIA Lowers Forecast For Natural Gas Prices ...Middle East

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EIA Lowers Forecast For Natural Gas Prices
The Energy Information Administration has decreased its forecast for natural gas prices for 2023 and 2024 according to the latest edition of the Short-Term Energy Outlook released on Tuesday. The EIA now sees natural gas prices averaging $3.02 per MMBtu this year, down 11.2 percent from its previous forecast of $3.40 per MMBtu. For comparison, natural gas prices averaged $6.42 per MMBtu in 2022, the EIA estimates. The EIA has also lowered its forecast for natural gas prices for next year, to $3.89 per MMBtu, down from its estimate of $4.04 per…

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