The US natural gas market follows a predictable medium-term cycle, characterized by periods of excess supply and low prices, followed by periods of shortages and rising prices.
Using data from 2007 to 2025, analysis shows that the market's state and natural gas storage reserves reflect the dynamics of the transition between these phases.
By 2027-2028, the market is expected to shift from its current surplus configuration to a structural deficit, triggering a new round of growth in natural gas prices in the US.
The price dynamics of the US natural gas market are clearly cyclical: periods of excess supply and falling prices are naturally followed by periods of shortages and growth, forming a multi-year “energy pendulum.”
The natural gas market, like most commodity markets, is subject to cyclical development laws, with price cycles driven by economic nature and patterns.
Author's summary: US natural gas prices expected to rise by 2028 due to cyclical market trends.