The Energy Information Administration (EIA) has published its Short-Term Energy Outlook for August. Among other things, it concludes:
[T]he monthly average Henry Hub natural gas spot price [will] stay below $4 per thousand cubic feet (Mcf) until late in the year as natural gas inventories are projected to set a new record high at the end of this year's injection season (October 31). The Henry Hub price is projected to increase from an average of $3.92 per Mcf in 2009 to an average of $5.48 per Mcf in 2010.
The EIA also expects natural gas storage to set a new record this year, with "3,800 Bcf at the end of October, 235 Bcf above the previous record of 3,565 Bcf reported at the end of October 2007."
And for those of you interested in CO2 emissions, the EIA has started reporting on projected CO2 emissions from fossil fuels - projecting, for example, that they will decline by 5 percent this year due to lower coal emissions.
A copy of the full report can be found here.