Global Natural Gas Price Traded at US$2.42 per Mmbtu This Afternoon (Wednesday, December 20, 2023)

Global natural gas prices for transactions on Wednesday, December 20, 2023, decreased. Today's trading price for global natural gas was recorded at US$2.42 per mmbtu. This figure is lower than the previous day's trading price of US$2.49 per mmbtu. This current situation is similar to the downward trend observed in global natural gas prices over the past three days.

Over the past week, global natural gas prices increased by 4.59 percent, with an average daily transaction price of US$2.45 per mmbtu. As a result, throughout 2023, global natural gas prices have decreased by -39.39 percent from their year-start level of US$3.99 per mmbtu. The highest trading value for global natural gas this year was US$4.17 per mmbtu, recorded on Wednesday, January 4, 2023.

Annually, the average trading price of global natural gas over the past five years has shown an upward trend. Meanwhile, monthly price monitoring over the past 12 months shows an upward trend. The highest average monthly price for global natural gas was recorded in January 2023 at US$3.43 per mmbtu.

Previously, news of a potential gas shortage deepened concerns about the risk of recession in countries dependent on this fuel for industry and power generation, including the UK and the European Union.