BofA lowers 2027 US natural gas forecast to $3.35/MMBtu
UNG•Bank of America lowered its 2027 Henry Hub forecast to $3.35 per MMBtu, citing gas production, renewables and LNG weighing on gas balances.
1. Forecast and risks
Bank of America lowered its 2027 Henry Hub forecast to $3.35 per MMBtu. It said a mild winter from a strong El Niño, LNG delays or higher-than-expected Permian gas production could further depress prices, while solar and other renewables are offsetting most data center load growth.
