Natural gas spot prices to reach $5/MMBtu after 2020, report says

energy prices

The real Henry Hub average natural gas price is expected to be more than $5/MMBtu after 2020 and reach more than $6/MMBtu by 2035, according to an outlook by Navigant (NYSE: NCI).

In Navigant’s latest outlook, North American Natural Gas Market Outlook, Fall 2013, North American consumer natural gas demand is expected to increase from 77.8 Bcfd in 2013 to 108.7 Bcfd in 2035. Exports of liquid natural gas are expected to increase in North America to 7.8 Bcfd by 2022.

The outlook also says that total natural gas consumption in North America for gas-fired generation and industrial use is expected to increase at an average annual rate of 3.7 percent and 2.4 percent, respectively, through 2020.

Click here to access the full report.

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