Global gas prices can fluctuate significantly depending on several factors, such as demand, supply, geopolitical events, weather conditions and the development of new energy sources. In 2024, following global economic and political changes, natural gas prices remain volatile.By early 2025, natural gas prices could be higher compared to historical levels, but lower than during the peak periods of 2022, when the war in Ukraine caused significant price spikes.In Europe, gas prices in 2024 were around €30-50 per MWh (depending on market conditions), which is significantly lower than the peak values of 2022, when they reached €300 per MWh. In the US, gas prices are significantly lower, mainly due to the large production volume and infrastructure to supply the domestic market. Prices can vary depending on current market conditions, so they are constantly changing.Forecasting exact gas prices in 2025 is difficult due to several unpredictable factors, such as changes in global politics, weather conditions, energy demand and the development of new technologies. However, there are several key trends that are likely to affect natural gas prices in 2025:
1. Geopolitical factors.
2. Seasonal fluctuations: As in previous years, winter demand for gas for heating, as well as summer peak temperatures (which affect the use of gas for cooling), will be the main factors for price fluctuations. However, these fluctuations could be less dramatic if demand is more even throughout the year.
3.Energy transition: If countries continue to invest in renewable energy sources, this could reduce their dependence on natural gas in the future, reducing demand and, consequently, prices. However, this process could be gradual and take several years, so gas prices will still remain significant.
4. Infrastructure changes and new sources of supply: The opening of new gas supply routes, in particular through the expansion of liquefied natural gas (LNG) terminals or new pipelines, could lead to more stable and potentially more competitive gas prices.
According to expert estimates, the average gas price for Europe in 2025 is likely to fluctuate between 30-60 euros per MWh depending on the market situation, with potential increases or decreases depending on the aforementioned factors.In the US, prices are likely to remain relatively stable, with the possibility of minor fluctuations within $3-5 per million BTU (British Thermal Units), depending on supply and demand.Gas prices are a dynamic indicator, so it is important to follow news and forecasts from energy companies and international organizations for up-to-date information.
Source: https://index.minfin.com.ua/ua/markets/gas/
