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.
Read our latest special report to see:
- The natural gas prices forecast for Asia, Europe and the U.S.
- A breakdown of our Consensus Forecasts by panelist
- Key risk factors
- Insights from our analysts
About FocusEconomics
FocusEconomics is a leading provider of economic analysis and forecasts for 198 countries in Africa, Asia, the Americas, Europe and the Middle East, as well as price forecasts for more than 30 key commodities. The company is supported by an extensive global network of analysts.
Since its launch over 20 years ago, FocusEconomics has established a solid reputation as a reliable source for timely and accurate business intelligence among clients from a variety of industries, including the world’s major financial institutions, multinational companies and government agencies.
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