Global Natural Gas Prices Traded at US$3 per Mmbtu This Afternoon (Wednesday, January 10, 2024)

Global natural gas prices fell on Wednesday, January 10, 2024. Trading today recorded US$3 per mmbtu, lower than the previous day's US$3.19 per mmbtu. This is in contrast to the previous upward trend in global natural gas prices.

Over the past week, global natural gas prices have grown by 17.02 percent, with an average daily transaction price of US$2.92 per mmbtu. Compared to the beginning of the year, the price has increased by 13.78 percent. The highest trading value for this commodity this year was US$3.19 per mmbtu, recorded on Tuesday, January 9, 2024.

Annually, the average global natural gas price has shown an upward trend over the past five years. Monthly, transactions over the past 12 months have also tended to increase. The highest average monthly price was recorded in October 2023 at US$3.16 per mmbtu.

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