BAKU, Azerbaijan, September 12. The U.S. Energy Information Administration (EIA) has released its 2025 outlook, predicting a rise in natural gas prices driven by an increase in liquefied natural gas (LNG) exports, Trend reports.
According to the report, while domestic natural gas consumption and production are expected to remain flat, the expansion of U.S. export capacity is projected to boost LNG exports by more than 2 billion cubic feet per day (Bcf/d) - a 17-percent increase compared to 2024.
The EIA expects U.S. natural gas consumption to average 90 Bcf/d in 2025, roughly the same as the previous year’s levels. However, the rise in LNG exports, which are becoming a significant factor in the global energy market, will tighten supply and contribute to higher prices. The Henry Hub natural gas spot price is forecasted to average around $3.10 per million British thermal units (MMBtu) in 2025, up from an estimated $2.20/MMBtu in 2024.
Production of dry natural gas is expected to remain relatively stable over the next several months, with an average of 104 Bcf/d in the fourth quarter of 2024 and increasing slightly to 105 Bcf/d throughout 2025. However, some producers, particularly in key regions like the Marcellus and Haynesville shale formations, are curtailing production until prices recover.
Most of the growth in natural gas production is anticipated in late 2025, coinciding with the ramp-up of new LNG export facilities that are currently under construction. As these facilities come online, they are expected to significantly increase the U.S.'s capacity to export LNG to international markets, further driving demand for U.S. natural gas.
This outlook comes as global demand for LNG continues to rise, particularly in Europe and Asia, where countries are seeking to diversify their energy sources. The EIA’s forecast suggests that the U.S. will remain a key player in meeting that demand, with the expansion of export facilities playing a crucial role in supporting both domestic producers and international markets.
Despite the anticipated price increase, the EIA expects U.S. natural gas production to remain robust, positioning the country to capitalize on growing export opportunities while maintaining stable domestic supply levels. However, with much of the growth in production coming later in the year, 2025 could see tighter market conditions until new LNG facilities fully come online.