A surge in export demand, coupled with growing domestic power needs, is expected to drive U.S. benchmark Henry Hub natural gas prices higher as resources become exhausted, two experts told NGI.

Chart comparing NGI’s Henry Hub natural gas daily and forward prices with Lower 48 U.S. natural gas demand from Nov. 2024 through Dec. 2025, showing price fluctuations between $2-10/MMBtu and rising demand driven by residential, commercial, industrial, power generation, LNG sendouts, and Mexican exports.

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At A Glance:

Export demand acceleratesHenry Hub strengthensLow-cost production stressed