Due to continuously rising U.S. natural gas production, natural gas prices at the U.S. benchmark Henry Hub averaged US$2.57 per million British thermal units (MMBtu) in 2019—the lowest annual average price since 2016, the U.S. Energy Information Administration (EIA) said on Thursday. The average natural gas price last year was US$0.60 lower than the average Henry Hub price in 2018. Monthly average prices at the key U.S. regional trading hubs hit their highest in February 2019, due to the winter season, and then they were relatively stable and low from April to December, the EIA has estimated. New pipelines to carry the growing volumes of natural gas out of the Permian partially eased the takeaway capacity constraints and pushed natural gas prices at the Waha hub in Texas higher in the latter part of the year, after six months in a row of average monthly prices lower than US$1/MMBtu—March […]