WoodMac News & Analysis

U.S. Natural Gas Prices Expected to Rise by 2035, Analysts say

Analysts at Wood Mackenzie predict rising U.S. natural gas prices through 2035, following a decade of low prices. The benchmark U.S. Henry Hub prices varied between $2 and $4 per million British thermal units (MMBtu) from 2015 to 2025. U.S. LNG exports have increased significantly, from 0.5 billion cubic feet per day (Bcf/d) in 2016 to a projected 15.0 Bcf/d in 2025, set to rise further to 18.1 Bcf/d by 2027. The combination of increasing export demands and energy needs from AI data centers is expected to drive natural gas demand higher, impacting U.S. market dynamics.