By the end of 2024, the average price of 1,000 cubic meters of natural gas at Europe’s largest TTF hub in the Netherlands will be 18 percent lower compared to 2023. This is reported by analysts at the International Energy Agency (IEA).
Experts expect that the average TTF gas price this year will be about $11 per million British thermal units, or about $394 per 1,000 cubic meters. At the same time, in 2025, analysts predict an increase in gas prices by 18 percent in Europe and by 14 percent in Asia, under conditions of tightening balance between supply and demand.
According to the IEA, such dynamics next year will be influenced by the growing competition between European and Asian buyers for liquefied natural gas (LNG) supplies. As for the United States, the organization predicts a decrease in gas prices in this country to $2.3 per 1 million British thermal units (about $82 per thousand cubic meters) and a price increase of 45 percent to $3.4 per 1 million British thermal units.
Europe Predicts Sharp Decline in Gas Prices
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