The price at Sumas on the Canada-Washington border, the main pricing point for natural gas in the Pacific Northwest, rose $1.44 from $4.01/MMBtu last Wednesday to $5.45/MMBtu yesterday. IHS Markit reports total consumption across the West rose by almost 1.9 Bcf/d (21%), with 1.5 Bcf/d attributed to increased consumption by the residential and The EIA boosted its total natural gas marketed production forecast for 2023 by 2.36 Bcf/d to 109.11 Bcf/d on average and estimated production will grow further to average 111.24 Bcf/d in 2024. For the first half of 2023, the agency lifted the Q1 production estimate by 980 MMcf/d to 109.58 Bcf/d, and the Q2 forecast by 340 MMcf/d to 108.6 MMcf/d. In the same week last year (week ending October 19, 2022), the prices were $32.11/MMBtu in East Asia and $37.30/MMBtu at TTF. Natural gas plant liquids (NGPL) prices: The natural gas plant liquids composite price at Mont Belvieu, Texas, rose by 6 cents/MMBtu, averaging $7.21/MMBtu for the week ending October 18. Weekly average ethane prices This propelled prices to over USD 10.00 per MMBTU from its usual hovering price of around USD 3.00 per MMBTU. While this is high, it's still below the historical peak of USD 20.81 per MMBTU in 2005. Why Are Liquefied Natural Gas Prices High? In 2022, prices of LNG look to remain relatively stable as the year progresses. Vay Tiền Nhanh Chỉ Cần Cmnd.

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