A post-pandemic surge in demand and Russia’s invasion of Ukraine pushed up natural gas prices to some of the highest levels on record in 2021–2022. Prices then eased in 2023 on the back of mild weather, tepid industrial production and a surge in LNG exports. But what is the natural gas prices forecast for 2024 and 2025? Natural gas prices are expected to fall in Asia and Europe, and remain steady in the U.S. in 2024, before rising in Europe and the U.S. in 2025 and remaining roughly stable in Asia.
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