Natural Gas Prices Forecast 2024 Canada. Get the full story in our quarterly forecast. The henry hub price averaged us$2.67 per million british thermal units (mmbtu) in 2023, a decrease of 59% from 2022.

The survey credits the bright mood to early 2024 completion of the us$21 billion trans mountain pipeline oil expansion (tmx) in early 2024, followed in the natural gas sector. Mild winter and high storage levels should also keep natural gas prices steady.