Shale Energy Law Blog
Natural Gas Prices Predicted to Rise in 2013 and 2014
January 9, 2013
The Post-Gazette reports that the U.S. Energy Information Administration (EIA) released a Short-Term Energy Outlook in which the EIA predicts that the Henry Hub natural gas spot price will average $3.74 per million British thermal units (MMBtu) in 2013 and $3.90 per MMBtu in 2014. The price averaged $4.00 per MMBtu in 2011 and $2.75 per MMBtu in 2012. On the other hand, according to the Washington Post, natural gas prices fell this week after the Energy Department reported that natural gas production rose to a record 73.54 trillion cubic feet a day in October.