In the same week last year (week ending April 13, 2022), the prices were $33.12/MMBtu in East Asia and $32.91/MMBtu at TTF. Natural gas plant liquids (NGPL) prices: The natural gas plant liquids composite price at Mont Belvieu, Texas, rose by 9 cents/MMBtu, averaging $7.44/MMBtu for the week ending April 12. Weekly average ethane prices fell 3%
In the News: EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022. In its January 2021 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that the annual natural gas spot price at the Henry Hub will rise 98¢ per million British thermal units (MMBtu) to average $3.01/MMBtu in 2021. EIA expects higher natural gas prices will prompt dry1103 ET - Natural gas prices are reversing hard from a six-session winning streak, recently down 4.6% at $3.226/mmBtu, which if maintained would be the largest one-day decline since Sept. 5.
Natural gas spot prices fell at most locations this report week (Wednesday, January 15 to Wednesday, January 22). The Henry Hub spot price fell from $1.98 per million British thermal units (MMBtu) last Wednesday to $1.89/MMBtu yesterday. Tuesday's contract price of $1.895/MMBtu was the lowest price for a February contract since 1999. TheAccording to Bloomberg Finance, L.P., weekly average futures prices for liquefied natural gas (LNG) cargoes in East Asia decreased $2.88 to a weekly average of $53.19/MMBtu, and natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands, the most liquid natural gas market in Europe, decreased $5.68 to a weekly yufg0K.