Global Natural Gas Prices Fall to US$2.12 per Mmbtu (Thursday, September 5, 2024)
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Yahoo Finance reports that global natural gas prices today fell 1.07 percent to US$2.12 per mmbtu. This price drop is considerably higher than the average price movement over the past week.
Global natural gas prices saw their highest surge this week on Tuesday, September 3, 2024, reaching 3.57 percent. They have weakened, falling 19.65 percent compared to their year-to-date position.
Current conditions confirm the downward trend in global natural gas prices over the past two days.
Over the past week, global natural gas prices grew by 8.49 percent, with an average daily transaction price of US$2.08 per mmbtu. Compared to the beginning of the year, global natural gas prices have grown by -19.65 percent. From its highest price this year of US$3.31 per mmbtu, the global natural gas price has fallen by 35.95 percent.
Annually, the average trading price of global natural gas over the past five years shows a downward trend. Meanwhile, monthly price monitoring shows a downward trend in transactions over the past 12 months. 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 the discovery of new damage. Gas prices soared as the market anticipated gas shortages ahead of winter.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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