how much does gas cost this Monday, May 27, 2024?

how much does gas cost this Monday, May 27, 2024?
how much does gas cost this Monday, May 27, 2024?

The value of natural gas varies significantly across international markets due to various factors such as the cost of extraction, regional demand, taxes and transportation costs. This May 27, 2024, we are analyzing the positioning of different gas price indices around the world.

Liquefied natural gas in Japan (World Bank)

The Japanese market, the world’s largest importer of liquefied natural gas (LNG), shows a price of 13.26 USD/MMBtu as of April 30, 2024, according to data from the World Bank. This figure demonstrates the archipelago’s strong dependence on imports to meet its energy needs, in a context where the Asia-Pacific region significantly influences overall LNG prices.

Natural Gas Henry Hub

The Henry Hub is a key distribution point for natural gas in the United States and serves as a global benchmark for natural gas prices. On May 24, 2024, the price settled at 2.52 USD/MMBtu. This tariff primarily reflects domestic production and consumption in the United States, the world’s largest producer of natural gas.

Natural Gas TTF

The Title Transfer Facility (TTF) in Holland is a major exchange point for natural gas in Europe. Prices at this hub reached 33.96 EUR/MWh on May 25, 2024. This increase signals strong demand in Europe, exacerbated by the search for diversification of supply sources.

Natural gas index (World Bank)

The overall index providing a composite assessment stood at 71.56 points on April 30, 2024. It encompasses a variety of gas prices in international markets, providing an overview of global natural gas performance.

Natural gas in Europe (World Bank)

Natural gas prices for the European market were recorded at 9.09 USD/MMBtu by the World Bank as of April 30, 2024. This value reflects the challenges related to energy supply and security in the region.

Natural gas in the United States (World Bank)

As of April 30, 2024, the United States had one of the lowest prices for natural gas at 1.6 USD/MMBtu, highlighting the abundance of the resource on American territory and their ability to maintain competitive prices.


Propane, a byproduct of natural gas and oil, was selling at $0.70725/Gal on May 24, 2024. This market is vital to both the residential and commercial sectors, depending on heating and cooking needs.

Natural gas in the UK

The United Kingdom, with its price of 81.82 GBP/Thm as of May 25, 2024, illustrates the impact of exchange rate fluctuations and geopolitical uncertainties on gas prices, in a post-Brexit context.

Hint Last value Date
Liquefied natural gas, Japan (World Bank) 13.26 USD/MMBtu 04/30/2024
Natural gas Henry Hub 2.52 USD/MMBtu 05/24/2024
Natural gas TTF 33.96 EUR/MWh 05/25/2024
Natural gas index (World Bank) 71.56 Points 04/30/2024
Natural gas, Europe (World Bank) 9.09 USD/MMBtu 04/30/2024
Natural gas, US (World Bank) 1.6 USD/MMBtu 04/30/2024
Propane 0.70725 USD/Gal 05/24/2024
UK Gas 81.82 GBP/Thm 05/25/2024

Understanding the nuances between these markets is essential to analyzing the economics of natural gas in a global context. The figures reveal not only regional distinctions but also the impact of global events on the price of this crucial resource.



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