Analysts forecast sustained demand from AI data centers and LNG exports will lift Henry Hub prices after a decade near $2-$4 per MMBtu.
US natural gas prices are expected to climb through 2035, ending a prolonged period of low Henry Hub benchmark prices. Analysts cite surging demand from AI-driven data centers and expanding LNG export capacity as key drivers for the upward trend.
Over the past decade, Henry Hub prices remained between $2 and $4 per MMBtu, supported by robust gas production from standalone plays and associated gas from oil operations. The shift reflects structural changes in energy markets and infrastructure growth.
The forecast suggests a departure from historically low volatility, with long-term demand outpacing supply adjustments.