Navigant has issued its North American Natural Gas Market Outlook, Fall 2012. Among other things, it concludes: "Over the short term, North American natural gas prices are projected to recover from 2012 lows, but will stay at moderate price levels for the next few years. As shown in Figure 4, the natural gas prices at Henry Hub are projected to average $3.74/MMBtu between 2013 and 2015. From 2016 to 2020, Henry Hub prices are expected to rise to more than $5/MMBtu as a result of a combination of factors including increased gas-fired power generation, higher natural gas consumption for industrial use and a number of LNG export projects coming online."
It's short. Read the whole thing.