Global Natural Gas Price Traded at US$2.12 per Mmbtu This Afternoon (Thursday, September 5, 2024)
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Global natural gas prices fell on Thursday, September 5, 2024. Trading today recorded US$2.12 per mmbtu, lower than the previous day's US$2.15 per mmbtu. This continues the downward trend of the last 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 30 days ago, prices have increased by 0.24 percent. However, from its yearly high of US$3.31 per mmbtu, the price has fallen by 35.95 percent.
Annually, the average global natural gas price has shown a downward trend over the past five years. Monthly, transactions over the past 12 months have also tended to decline. The highest average monthly price was recorded in October 2023 at US$3.14 per mmbtu.
Earlier in September 2022, European gas prices soared after Russia shut down the Nord Stream 1 pipeline due to newly discovered damage. The price surge was driven by market anticipation of 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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