![]() ![]() The price of the 12-month strip averaging July 2023 through June 2024 futures contracts climbed 14.8 cents to $3.171/MMBtu. Henry Hub futures prices: The price of the July 2023 NYMEX contract increased 25.5 cents, from $2.342/MMBtu last Wednesday to $2.597/MMBtu yesterday.Henry Hub spot price: The Henry Hub spot price rose 15 cents from $2.08 per million British thermal units (MMBtu) last Wednesday to $2.23/MMBtu yesterday.Market Highlights: (For the week ending Wednesday, June 21, 2023) We project the Henry Hub spot price to be as low as $2.80/MMBtu in the High Oil and Gas Supply case and as high as $6.40/MMBtu in the Low Oil and Gas Supply case. These Issues in Focus cases project a narrower range of the spot price than in our AEO2023 Oil and Gas Supply cases, which alter assumptions regarding resource availability and extraction costs. We project the Henry Hub price in 2050 will be $3.80/MMBtu in the Reference case. The Henry Hub price in 2050 ranges from $3.30 per million British thermal units (MMBtu) in the Low LNG Price case to $4.80/MMBtu in the Fast Builds Plus High LNG Price case. ![]() natural gas demand as feedgas for LNG exports increases the natural gas spot price at the Henry Hub. The Issues in Focus cases also explore the influence of different volumes of LNG exports on the U.S. The Fast Builds Plus High LNG Price case, which assumes the same higher international natural gas prices as the High LNG Price case but also allows faster development of export facilities than in our other AEO2023 cases.The High LNG Price case, which assumes higher international natural gas prices than the Reference case, with limits on how quickly export facilities can be developed.The Low LNG Price case, which assumes lower international natural gas prices than the Reference case.This Issues in Focus presents three additional side cases to AEO2023 that explore how LNG export volumes affect domestic natural gas prices: ![]() We project that, in 2050, LNG exports will range from 15.3 billion cubic feet per day (Bcf/d) in the Low LNG Price case to 48.2 Bcf/d in the Fast Builds Plus High LNG Price case.ĪEO2023 analyzes a Reference case and side cases, including a High Oil Price case and a Low Oil Price case. Natural Gas Market supplement to our Annual Energy Outlook 2023 (AEO2023). liquefied natural gas (LNG) exports and the effect of different volumes on domestic natural gas prices in our Issues in Focus: Effects of Liquefied Natural Gas Exports on the U.S. We discuss in-depth our projections of U.S. EIA explores effects of liquefied natural gas exports on the U.S. ![]()
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