LONDON, April 6 (Reuters) - Asian spot liquefied natural gas (LNG) prices remained flat this week at the lowest level since July 2021 on muted demand and solid inventories in China, Japan and In the same week last year (week ending March 16, 2022), the prices were $36.76/MMBtu in East Asia and $37.95/MMBtu at TTF. Natural gas plant liquids (NGPL) prices: The natural gas plant liquids composite price at Mont Belvieu, Texas, fell by 83 cents/MMBtu, averaging $7.36/MMBtu for the week ending March 15. Ethane prices fell 3%, while The increased surplus of working natural gas stocks contributed to a lower price level for natural gas in the first half of 2023. In 2022, large deficits to the five-year average contributed to high natural gas prices as the daily near-month futures price rose above $9.00 per million British thermal units (MMBtu) on several occasions last summer. 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 dry 3 Introduction Over the last 5-10 years a growing number of erstwhile natural gas exporting countries started to import either LNG or pipeline gas, or both to meet growing supply demand imbalances. The Natural Gas Intelligence Midwest Regional Average reported price also increased 20¢ from $3.51/MMBtu to $3.71/MMBtu. Consumption of natural gas in the electric power sector increased 8.8% this week in the Midwest, according to data from IHS Markit. The natural gas price at the Houston Ship Channel increased 14¢, from $3.74/MMBtu to $3 Indonesia's government plans to reduce the price of natural gas sold to power plants Indonesia to cap gas prices for PLN at $6/mmBtu to cut subsidies to bring down their prices to around The government wants natural gas sold to power plants to be kept at a maximum of $6 per million British thermal units (mmBtu), Minister Arifin Tasrif told reporters. Indonesia is one of the top 30 gas flaring countries [11]. The Special Task Force for Upstream Oil (MMBTU) of flare gas (natural gas) was estimated to be equal to 0.022 tons of LNG [19]; (3) Flare gas price at USD 9.35/MMBTU; and (4) 1. Flare gas price: The study assumed the flare gas price at 0.35 USD/MMBTU from 2021 to 2030. As per this formula, the price of gas from Saturday until the end of April is $7.92 per mmBtu, according to the ministry's notification. But the new guideline applies a floor of $4 and a ceiling of $6.5 per mmBtu on the gas price. Therefore, the effective price will be $6.5 per mmBtu, the ministry said. The sharp fall in price will help city The natural gas plant liquids composite price at Mont Belvieu, Texas, rose by 11 cents/MMBtu, averaging $10.78/MMBtu for this report week. Ethane prices rose 2%, less than the 11% increase in natural gas prices on the Houston Ship Channel, which narrowed the ethane premium over natural gas to $1.40/MMBtu, a 19% decrease from the previous week. The natural gas plant liquids composite price at Mont Belvieu, Texas, rose by 16¢, averaging $7.10/MMBtu for the week ending September 6. The price of ethane fell by 5%. The price of natural gasoline, propane, butane, and isobutane rose by 3%, 5%, 4%, and 3%, respectively. more summary data. Prices/Supply/Demand: Price movements mixed this week. Indonesia hopes the recent exit of global giants Shell and Chevron from two long-delayed natural gas projects will jumpstart their development, as it races to more than double gas production by 2030. In Asia, the JKM front-month price on 20 January was 22.82 USD/MMBtu and the year-to-date average was 27.09 USD/MMBtu. The average of the forward prices for the rest of 2023 was 21.77 USD/MMBtu, implying a full-year average price of 22.22 USD/MMBtu. The forward curve held at around 21-22 USD/MMBtu before rising to around 25 USD/MMBtu by the end The government is already working on a new gas pricing policy for industrial customers to bring down their prices to around $6 per mmBtu, from $8-$9 per mmBtu, to lower the energy costs of manufacturers. Advt ylEMj.

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