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The Energy Information Administration (EIA) said Tuesday domestic oil and natural gas production are likely to fall this year as the coronavirus takes a chunk out of demand at home and abroad, but the federal agency maintained the same gas price it forecast in March.

An expected decline in domestic natural gas production and increased power sector demand will push prices to an average $2.22/MMBtu in 3Q2020, but Henry Hub spot prices will average just $2.11 for the full year, according to the Energy Information Administration (EIA).

Natural gas prices remain bogged down and, despite an expected upturn beginning in the second quarter, are likely to average only $2.21/MMBtu this year, according to the Energy Information Administration (EIA).

Natural gas prices remain bogged down and, despite an expected upturn beginning in the second quarter, are likely to average only $2.21/MMBtu this year, according to the Energy Information Administration (EIA).

Natural gas prices have gotten a recent boost from early winter temperatures, but Henry Hub spot prices are expected to average $2.45/MMBtu in 2020, down 14 cents from the 2019 average, according to the Energy Information Administration (EIA).

Continuing domestic natural gas production growth will exert downward pressure on prices through next year, resulting in Henry Hub natural gas prices averaging $2.82/MMBtu for 2019 and $2.77/MMBtu in 2020, according to the Energy Information Administration (EIA).

Record natural gas production this year should allow prices to pull back from January’s highs, according to the Energy Information Administration (EIA), but the agency still expects Henry Hub prices to average $3.20/MMBtu in 2018, well above its previous projection.

Henry Hub natural gas spot prices will average $3.01/MMBtu this year, and on the strength of growing exports and domestic consumption will climb to $3.10/MMBtu in 2018 — both numbers lower than previously forecast — according to the Energy Information Administration (EIA).

Henry Hub natural gas spot prices this year and next will be lower than previously forecast, according to the Energy Information Administration (EIA), which now predicting an average of $3.03/MMBtu for 2017 and $3.19/MMBtu next year.