Global Natural Gas Prices Remain Unchanged at US$1.61 per Mmbtu (Tuesday, March 26, 2024)

Yahoo Finance reports that the global natural gas price today moved 0 percent to US$1.61 per mmbtu. This price decrease is considerably higher than the average price movement over the last week.

Today's price movement is the highest in the last week at 0 percent. Meanwhile, trading since the beginning of the year has continuously declined, with year-to-date growth at -38.85 percent.

Currently, the global natural gas price movement over the last 0 days is in a downward trend.

Over the past week, the global natural gas price slowed by 2.42 percent, with an average daily transaction price of US$1.67 per mmbtu. Compared to the price at the beginning of the year, the global natural gas price has slowed by 38.85 percent. From its highest price this year of US$3.31 per mmbtu, the global natural gas price has fallen by 51.25 percent.

Annually, the average trading price of global natural gas over the last five years has been in a downward trend. Meanwhile, for monthly price monitoring, transactions over the last 12 months have tended to decline. The highest average monthly price for global natural gas was recorded in October 2023 at US$3.14 per mmbtu.

Earlier news from early September 2022 reported that European gas prices soared after Russia shut down the Nord Stream 1 pipeline. Russia shut down the gas flow through the Nord Stream 1 pipeline due to discovering new damage. Gas prices soared as the market anticipated gas shortages ahead of winter.