Natural gas for January delivery settles down 0.2% at $2.581/mmBtu for a fifth straight weekly decline. The milder-than-normal weather coincides with near-record U.S. natural gas production.
LONDON, April 6 (Reuters) - Asian spot liquefied natural gas (LNG) prices remained flat this week at the lowest level since July 2021 on muted demand and solid inventories in China, Japan and
The increased surplus of working natural gas stocks contributed to a lower price level for natural gas in the first half of 2023. In 2022, large deficits to the five-year average contributed to high natural gas prices as the daily near-month futures price rose above $9.00 per million British thermal units (MMBtu) on several occasions last summer.
This pricing policy to $6 per MMBTU to the 7 industrial sectors is aligned with the policy set by the Indonesian President Joko Widodo, said Suko Hartono, the President Director of PGN. Natural gas on it self have a large portion on the cost structure of production in these industries.
In the same week last year (week ending May 11, 2022), the prices were $23.54/MMBtu in East Asia and $30.59/MMBtu at TTF. Natural gas plant liquids (NGPL) prices: The natural gas plant liquids composite price at Mont Belvieu, Texas, fell by 25 cents/MMBtu, averaging $6.24/MMBtu for the week ending May 10. Weekly average ethane prices fell 3%
Release Date: 12/13/2023: Next Release Date: 12/20/2023: Referring Pages: Natural Gas Futures Prices (NYMEX)
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