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In Q3 2022, the Natural Gas Price in the USA surged in the first half of the third quarter. The benchmark futures surged on the forecast for hotter weather and higher demand. Worries about Russian gas flow to Europe, record coal prices, and the expiration of the front-month contract remain the concern. In August, the USA's natural gas price surged to USD 8.68 per MMBtu. However, towards the end of this quarter, Natural gas costs hit low market fundamentals, as the market lost energy because U.S. production beat 100 Bcf/day for the first time.
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Natural Gas Price Trend and Forecast In Q3 2022, the price of Natural Gas in the USA surged in the first half of the third quarter. The benchmark futures surged on the forecast for hotter weather and higher demand. Worries about Russian gas flow to Europe, record coal prices, and the expiration of the front-month contract remain the concern. In August, the USA's natural gas price surged to USD 8.68 per MMBtu. However, towards the end of this quarter, Natural gas costs hit low market fundamentals, as the market lost energy because U.S. production beat 100 Bcf/day for the first time. Freeport LNG has postponed its resumption of the plant from mid-Oct to Nov, which further declined the prices for the domestic market. https://www.chemanalyst.com/Pricing-data/natural-gas-1339
Natural gas pricing in the Asia Pacific Region During the third quarter of 2022, Natural gas pricing in the Asia Pacific region followed the same trend as in the rest of the global market. Cost surged in the first half of this quarter, with Russia fearing slashing supply again and worsening an Asian fuel shortage. Asia and Europe were in hot competition for the dwindling pool of LNG shipments. China's battle to fulfill peak power need following hydropower disturbances in the Sichuan district expanded the production cost among major downstream derivative venture. In India, the price of Natural Gas slipped in the second half of Q3, driven by lower production and a sharp drop in imports price. Indian gas importers could not source Liquefied Natural gas (LNG) from the spot market. Most supplies are headed to Europe, where buyers are willing to offer record-high prices ahead of winter amid sharp supply curbs from Russia. In September, the cost of Natural Gas in India was USD 8.20 per MMBtu Ex-Hazira. https://www.chemanalyst.com/Pricing-data/natural-gas-1339
European Natural Gas prices show an upward trend due to the Nord Stream European Natural Gas prices show an upward trend due to the Nord Stream 2 pipeline supply cut from Gazprom, Russia, to the European region. The front gas month costs at the Dutch Title Transfer Facility (TTF), the European benchmark for Natural Gas trading, bounced. The surge in energy and utility costs drives up the downstream derivative market, pushing inflation and squeezing the edges and margins among significant ventures. With the fresh rise in gas prices, the Euro currency hit the lowest level, causing the region to recession. With the quarter end, the cost of Natural Gas in Germany is USD 222 Mw-hr. https://www.chemanalyst.com/Pricing-data/natural-gas-1339
In Q3 2022, the price of Natural Gas in the USA surged in the first half of the third quarter In Q3 2022, the price of Natural Gas in the USA surged in the first half of the third quarter. The benchmark futures surged on the forecast for hotter weather and higher demand. Worries about Russian gas flow to Europe, record coal prices European Natural Gas prices show an upward trend due to the Nord Stream 2 pipeline supply cut from Gazprom, Russia, to the European region. The front gas month costs at the Dutch Title Transfer Facility (TTF), the European benchmark for Natural Gas trading, bounced.
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