Natural gas faces a softer price path over the next two years, according to recently published research.
One forecast circulating this week projects Henry Hub will average $3.75/mmbtu in 2026 before easing further to $3.50/mmbtu in 2027. That's a bearish trajectory, and notably, the research did not flag any near-term bullish catalyst to offset the slide.
The takeaway: the published view leans toward gradual price erosion rather than a tightening market. For anyone tracking energy costs, power generation economics, or LNG export math, this kind of outlook matters — cheaper feedstock gas reshapes margins across the chain.
Worth noting this represents a single research thread rather than a broad consensus, so the signal is directional rather than definitive. But the absence of any countervailing bullish case in the published work is itself part of the story.