Analyst: Natural Gas Prices to Remain High this Year
Analyst: Natural Gas Prices to Remain High this Year
August 18, 2022--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)-- U.S. natural gas prices will remain high this year, and could spike upward under some conditions, a consultant told an oil and gas conference in Denver August 16.
The self-employed consultant, Laird Dyer, predicted natural gas prices at Henry Hub will average $8 per thousand cubic feet (Mcf) over the course of 2022, with possible spikes to $13 per Mcf or higher if the U.S. has a cold winter. Prices for full-year 2023 "could be worse unless rig counts start rising," he said at the "LDC Gas Forums Energy Innovations: Rockies and West" conference, sponsored by Access Intelligence L.L.C. (Rockville, Maryland), which drew about 185 registrants.
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