The latest EIA Short Term Energy Outlook offers a look at natural gas for 2025. EIA forecasts the Henry Hub price to average around $2.90/mmbtu in 2025 as demand increases for U.S. LNG. HDDs are forecast at 3,975, a 7% increase from 3,714. CDDs are seen down 3% in 2025. Daily natural gas consumption is flat at 89.6 bcf/d vs. 90 bcf/d.

A look at Henry Hub futures paints a more bullish picture.  The benchmark for 2025 averages $3.25/mmbtu and the curve for every year through 2030 is above $3.50/mmbtu.