The Energy Information Administration (EIA) has released its Short-Term Energy Outlook for June 2010. Among other things, it projects that natural gas consumption is going to grow by 3.8% (or 2.4 Bcf/d) in 2010. Regarding prices:
Sustained low natural gas prices this summer are expected to contribute to a decline in natural gas drilling activity over the next several months. As a result, the current 2011 forecast of higher prices comes as production begins to decline later this year and next. The projected Henry Hub spot price averages $4.49 per MMBtu in 2010 and $5.06 per MMBtu in 2011.
For more, see here.