Articles filed under Natural Gas Prices

The Henry Hub spot price for natural gas is expected to increase to $4.00/MMBtu next year, compared with an estimated $3.71/MMBtu this year and an average $2.75/MMBtu in 2012, according to the U.S. Energy Information Administration (EIA). Those projections are both higher than EIA had expected last month, when it estimated 2013 to be $3.68/MMBtu and 2014 to be $3.91/MMBtu (seeDaily GPI, Sept. 11).

Natural gas is in high demand and growing, but with supplies still expanding with little market incentive, prices may remain relatively muted or depressed for at least a couple more years, according to Credit Suisse analysts.

Physical natural gas for Tuesday delivery jumped 10 cents Monday with practically all points well into the black and some locations solidly into double-digit gains. Traders wearing both cash and futures stripes were circumspect, with some noting a seasonal tendency for prices to advance. Also in play was the development of a system in the Caribbean southwest of the Cape Verde Islands.