LNG

March 9 (LNGJ) - US benchmark Henry Hub spot prices are forecast to average $2.25 per million British thermal units in 2016 and $3.02 per MMBtu in 2017, compared with an average of $2.63 per MMBtu in 2015, according to the short-term energy outlook of the US Energy Information Administration. The latest EIA report also showed natural gas working inventories were last at 2,536 billion cubic feet, 46 percent higher than during the same week last year and 36 percent higher than the previous five-year average. The EIA forecasts that inventories will end the winter heating season (March 31) at 2,288 Bcf, which would be 54 percent above the level at the same time last year.