EIA lowers expected Q2 gas marketed production by 2.09 Bcf/d Q2 Henry Hub forecast raised 13 cents to $1.85/MMBtu EIA lowers Q2 gas demand forecast by 3.19 Bcf/d The US Energy Information Administration lifted its Henry Hub natural gas price forecast for the second and third quarters of 2020 on Tuesday, even as the agency substantially trimmed its estimates for production and consumption over the same period, citing coronavirus pandemic-related impacts. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The agency, in its May Short-Term Energy Outlook, lowered its US gas consumption estimate by 3.19 Bcf/d to 71.6 Bcf/d for Q2, and by 1.84 Bcf/d to 72.92 Bcf/d for Q3. “EIA forecasts that US natural gas consumption in 2020 will be 3.9% lower compared with 2019, primarily as a result of less consumption by the industrial sector,” said EIA Administrator Linda Capuano. The agency […]