U.S. Natural Gas Prices Seen Rising in February, Though Weather Remains Wild Card

Natural gas spot prices at Henry Hub are set to average $4.70/MMBtu in February, according to updated projections from the U.S. Energy Information Administration (EIA), though the agency cautioned that its forecast is subject to weather uncertainty.

Spot prices at the national benchmark averaged $4.38 in January, an increase above average prices of $3.76 in December, EIA said in its latest monthly Short-Term Energy Outlook (STEO), published Tuesday.

Mexico natural gas prices closely track those in the United States, given Mexico’s reliance on pipeline gas imports from north of the border.

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