Bullish
Wood Mackenzie forecasts Henry Hub natural gas prices to reach $5/MMBtu by 2035.
Wood Mackenzie projects that Henry Hub natural gas prices will approach $5 per million British thermal units (MMBtu) by 2035, up from the $2–$4/MMBtu range that has prevailed over the past decade. This anticipated increase is driven by sustained growth in liquefied natural gas (LNG) exports, rising demand from AI-driven data centers, and maturing U.S. gas supply.
Key points
- Wood Mackenzie forecasts Henry Hub natural gas prices to reach $5/MMBtu by 2035.
- Natural gas futures declined by 1.4% to $3.18/MMBtu, despite a larger-than-expected EIA storage build of 87 billion cubic feet.
- CME data shows natural gas trading volumes and open interest increased by 81,054 contracts and 15,118 contracts, respectively, on July 2, 2026.
- Russian gas exports to Europe via the TurkStream pipeline increased by 5% in the first half of 2026, reaching 8.74 billion cubic meters.
Sources
- Wood Mackenzie: Era of US$2–4/mmbtu Henry Hub natural gas prices ending as demand and supply conditions shift toward US$5/mmbtu (real) by 2035Wood Mackenzie · July 2, 2026
- Natural Gas Futures Decline as Stocks Increase to 2,922 BcfGuruFocus · July 2, 2026
- CME: Natural Gas futures fall despite impending heat wave demandMarketScreener · July 2, 2026
- Russian gas exports to Europe rise 5% in H1The Jordan News Agency · July 2, 2026
AI-generated from public news sources. Not financial advice.
