February 2010 Short Term Energy Outlook

Posted on February 14, 2010 by Vorys

The Energy Information Administration (EIA) has released its February 2010 Short-Term Energy Outlook, finding in part:

EIA expects this year's annual average natural gas Henry Hub spot price to be $5.37 per million Btu (MMBtu), a $1.42-per-MMBtu increase over the 2009 average of $3.95. EIA projects continuing price increases in 2011, averaging $5.86 per MMBtu for the year. EIA expects working gas inventories to end the first quarter at about 1,644 billion cubic feet (Bcf) compared with 1,734 Bcf in the previous Outlook, because of colder-than-normal weather in early January.

 

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