Natural Gas is trading at $2.31 per MMBtu at the time of writing. Natural Gas Market Movers: Fed was more supportive than ECB and BoE Indonesia has cancelled a deal to buy LNG from TotalEnergies
The Platt JKM DES spot price hit a record $84.762/MMBtu March 7, 2022, S&P Global Commodity Insights data showed, reflecting the impact of the Russia-Ukraine war. Asian spot LNG prices averaged $33.98/MMBtu in 2022, surging from $18.60/MMBtu in 2021.
The Natural Gas price in Indonesia decreased during Q1 2023 to 7.4 USD per MMBtu, which represents a slight decline of 3% compared to the previous quarter's value.
For PGB also decreased by 5.8% at the rate RM1.063/GJ/day compared to RM1.129/GJ/day for the RP1 period. The average tariff allowed for the period 1 January 2023 to 31 December 2023 is RM1.061/GJ/day after surplus adjustment income of RM0.002/GJ/day; and the average basic tariff for GMD remains as it was during the RP1 period rate of RM1.573/GJ
Renewed interest in spot buys. India's LNG imports fell 9.12% to 29.29 Bcm in 2022, showed data from the Petroleum Planning and Analysis Cell. Spot activity has been mostly muted on high prices since the war, but the potential of a gas-based economy remains high in India if LNG prices are in the $10-$15/MMBtu range, an industry source said.
The natural gas plant liquids composite price at Mont Belvieu, Texas, rose by 16¢, averaging $7.10/MMBtu for the week ending September 6. The price of ethane fell by 5%. The price of natural gasoline, propane, butane, and isobutane rose by 3%, 5%, 4%, and 3%, respectively. more summary data. Prices/Supply/Demand: Price movements mixed this week.
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