After soaring in 2022, North American natural gas prices have sunk this year. But this could change as soon as this summer, and certainly starting next year when new U.S. LNG capacity comes online.

LNG

April New York Mercantile Exchange natural gas futures rolled off the board at $1.991/MMBtu last month, “but it’s not clear if we’ve reached the lowest point,” NGI Price & Markets Editor Leticia Gonzales said Wednesday during a webinar organized by the Intercontinental Exchange Inc., aka ICE.

“But I don’t think we are going to stay that low for long,” Gonzales said, noting an uncertain production picture and increasingly strong natural gas power burns in the U.S. generation segment. “We should get back to three dollars around summer, and then four by next winter and...