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The US Department of Energy expects an increase in spot gas prices in the country in 2024-2025

“We expect the U.S. Henry Hub natural gas spot price in 2024 and 2025 to average higher than in 2023 but remain below $3 per million British thermal units. We project natural gas prices to rise as demand for natural gas grows faster than supply in 2024,” the organization said in its report.

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