What will the price of gas be in 2030?

This downward trend in the near-term forecast reflects a complex interplay of factors, including increased production efficiency, the adoption of renewable energy sources, and potential changes in global demand patterns.

However, Deloitte's long-term outlook paints a different picture. By 2040, the firm anticipates a reversal in the trend, with the US natural gas price rising to $6.55/Mcf. This projected increase underscores the ongoing importance of natural gas as a key energy source, despite the rise of alternative energy technologies.

Moving into 2041, Deloitte expects the Henry Hub trading price to further escalate, reaching $6.70 per million British thermal units (MMBtu). This prediction highlights the potential for continued volatility and uncertainty in the natural gas market, driven by a multitude of economic, political, and environmental factors.

Deloitte's latest natural gas price projections indicate a significant shift in the market dynamics over the coming decades. In their September forecast, the consultancy firm predicted that the Henry Hub natural gas trading price for 2030 would be $5.40 per million cubic feet (Mcf), marking a notable decrease from the $8.50/Mcf estimated for 2022.

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