Published research is leaning firmly bullish on natural gas and LNG, pointing to AI-driven power demand, geopolitical supply risk, and a structurally tightening market.
On US Henry Hub, researchers argue prices have room to push above $4, anchored by below-expected storage injections and technical accumulation patterns that remain intact. A separate strand of analysis frames gas as the most direct beneficiary of the AI data-center power bottleneck, favoring long exposure to capture that structural demand surge.
The more comprehensive case making the rounds: what was previously seen as a 2027–2028 LNG supply glut has, in the published consensus, flipped to a likely shortfall. The shift reflects buyers scrambling for replacement cargoes and diversifying supply sources in response to Strait of Hormuz risk, which analysts argue underpins firm LNG pricing over the next 12–24 months and structurally past 2028.
Regionally, Mexico is flagged as facing a decade of gas demand growth from combined-cycle plants and data centers, while Argentina is reportedly paying winter spot LNG up to $17/mmbtu until Vaca Muerta scales.