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Natural Gas Price Movements in Q3 2024: Historical Price Chart, Trends, Regional Insights and Forecast

01-17-2025 08:50 AM CET | Chemicals & Materials

Press release from: IMARC Group

Natural Gas Prices

Natural Gas Prices

๐—ก๐—ผ๐—ฟ๐˜๐—ต ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ ๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐—š๐—ฎ๐˜€ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐— ๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ค๐Ÿฏ:

๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐—š๐—ฎ๐˜€ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ถ๐—ป ๐—จ๐—ป๐—ถ๐˜๐—ฒ๐—ฑ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐˜€:

In Q3 2024, natural gas prices in the United States experienced notable fluctuations, reaching 2,600 USD/MT in September. Early in the quarter, prices faced downward pressure due to oversupply driven by increased domestic production and heightened imports from Canada. Additionally, a reduction in LNG exports, particularly following disruptions caused by Hurricane Beryl, further contributed to the bearish market sentiment. However, the trend shifted as extreme summer heat spurred higher demand from the power generation sector, offsetting earlier declines. This surge in consumption helped stabilize and recover prices toward the end of the quarter, showcasing the dynamic interplay between supply-side challenges and fluctuating demand.

๐—ฆ๐—ฝ๐—ฒ๐—ฎ๐—ธ ๐—ง๐—ผ ๐—”๐—ป ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐˜: https://www.imarcgroup.com/request?type=report&id=22409&flag=C

๐—”๐—ฃ๐—”๐—– ๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐—š๐—ฎ๐˜€ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐— ๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ค๐Ÿฏ:

๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐—š๐—ฎ๐˜€ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ถ๐—ป ๐—–๐—ต๐—ถ๐—ป๐—ฎ:

In Q3 2024, natural gas prices in China fluctuated significantly, settling at 2,680 USD/MT in September. Early in the quarter, prices experienced a sharp decline due to a mismatch between supply and demand, as rising local production failed to fully offset the shortfall caused by reduced imports. The oversupply conditions created bearish market sentiment during this period. However, the market rebounded in the latter half of the quarter, driven by escalating geopolitical tensions that impacted global energy markets and a surge in industrial demand. Seasonal consumption further bolstered the recovery, particularly as industries ramped up activities ahead of peak usage periods. This dynamic pricing trend highlighted the sensitivity of the natural gas market to both local production capabilities and external global factors.

๐—˜๐˜‚๐—ฟ๐—ผ๐—ฝ๐—ฒ ๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐—š๐—ฎ๐˜€ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐— ๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ค๐Ÿฏ:

๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐—š๐—ฎ๐˜€ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ถ๐—ป ๐—š๐—ฒ๐—ฟ๐—บ๐—ฎ๐—ป๐˜†:

In Germany, natural gas prices for Q3 2024 peaked at 35,650 USD/MT in September, initially rising due to concerns over potential supply disruptions, particularly linked to tensions surrounding Russian gas supplies. Early in the quarter, these fears led to a surge in prices as markets anticipated tighter conditions. However, in the latter half, prices began to stabilize as supply conditions improved. The increase in LNG imports, along with a rise in wind power generation, helped ease the pressure on the market. This shift in the supply landscape provided much-needed relief, leading to a correction in prices and restoring some balance to the market.

๐— ๐—˜๐—” ๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐—š๐—ฎ๐˜€ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐— ๐—ผ๐˜ƒ๐—ฒ๐—บ๐—ฒ๐—ป๐˜ ๐—ค๐Ÿฏ:

๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐—š๐—ฎ๐˜€ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ถ๐—ป ๐—ฆ๐—ฎ๐˜‚๐—ฑ๐—ถ ๐—”๐—ฟ๐—ฎ๐—ฏ๐—ถ๐—ฎ:

In Saudi Arabia, natural gas prices for Q3 2024 stabilized at 2,650 USD/MT in September, influenced by a mix of domestic and global factors. Early in the quarter, prices saw a decline as domestic manufacturing expanded, driven by new gas field discoveries and strategic investments in energy infrastructure. These developments led to increased natural gas production, easing supply concerns. However, the latter half of the quarter saw prices rise again, prompted by geopolitical factors and growing international demand, particularly from Europe and Asia. This shift in the global market dynamics, combined with domestic growth, created a volatile pricing environment throughout the quarter.

๐—›๐—ผ๐˜„ ๐—œ๐— ๐—”๐—ฅ๐—– ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ถ๐—ป๐—ด ๐——๐—ฎ๐˜๐—ฎ๐—ฏ๐—ฎ๐˜€๐—ฒ ๐—–๐—ฎ๐—ป ๐—›๐—ฒ๐—น๐—ฝ

The latest IMARC Group study, "๐—ก๐—ฎ๐˜๐˜‚๐—ฟ๐—ฎ๐—น ๐—š๐—ฎ๐˜€ ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€, ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ, ๐—–๐—ต๐—ฎ๐—ฟ๐˜, ๐——๐—ฒ๐—บ๐—ฎ๐—ป๐—ฑ, ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€, ๐—ก๐—ฒ๐˜„๐˜€, ๐—›๐—ถ๐˜€๐˜๐—ผ๐—ฟ๐—ถ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜ ๐——๐—ฎ๐˜๐—ฎ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐ ๐—˜๐—ฑ๐—ถ๐˜๐—ถ๐—ผ๐—ป," presents a detailed analysis of Natural Gas price trend, offering key insights into global Natural Gas market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Natural Gas demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐˜๐—ผ ๐—š๐—ฒ๐˜ ๐˜๐—ต๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜: https://www.imarcgroup.com/natural-gas-pricing-report/requestsample

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐˜‚๐˜€:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
๐—˜๐—บ๐—ฎ๐—ถ๐—น: sales@imarcgroup.com
๐—ง๐—ฒ๐—น ๐—ก๐—ผ: (๐——) +91 120 433 0800
๐—จ๐—ป๐—ถ๐˜๐—ฒ๐—ฑ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐˜€: +1-631-791-1145

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