Liquified natural gas prices are forecast to increase heading into 2025 as demand is set to outpace supply, according to an analysis from the federal Energy Information Administration, reports Louisiana Illuminator.
Average dry gas production wobbled down from 2023 to 2024, with companies ramping down production to try and counter record low prices over the past year, Reuters reported. While companies are expected to increase production again in 2025, demand is expected to well outpace supply and cause a spike in prices.
The EIA explains how rising demand for exports means domestic gas prices are predicted to rise 33% from a four-year low in 2024 to a three-year high in 2025. Read more.
