Natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands, the most liquid natural gas market in Europe, decreased 42 cents to a weekly average of $19.67/MMBtu. In the same week last year (week ending January 26, 2022), the prices in East Asia and at TTF were $22.99/MMBtu and $27.65/MMBtu, respectively. May 19, 20236:14 AM PDTUpdated 6 months ago. LONDON, May 19 (Reuters) - Asian spot liquefied natural gas (LNG) prices slipped to their lowest level in two years on weak demand and high inventories In the same week last year (week ending October 14, 2020), prices in East Asia and at TTF were $5.14/MMBtu and $4.73/MMBtu, respectively. The price of the November 2021 NYMEX contract decreased 9¢, from $5.675/MMBtu last Wednesday to $5.590/MMBtu yesterday after falling to a weekly low of $5.345/MMBtu on Monday. 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 1103 ET - Natural gas prices are reversing hard from a six-session winning streak, recently down 4.6% at $3.226/mmBtu, which if maintained would be the largest one-day decline since Sept. 5. JAKARTA - The government has decided that the price of natural gas should be lowered to an average of 6 dollars per million British thermal unit (MMBTU) at the consumer plant gate starting April 1, 2020. The decline in gas prices will not reduce the amount of oil and gas contractor revenue. These were the results of the decision on a limited .

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