Current Natural Gas Price

Vary the current prices of natural gas between the markets of the United States, Europe and Asia due to a discrepancy in supply, in addition to the variation in the cost of production and transportation between global markets. It should be noted that there is a clear difference between gas prices in the producing regions such as North America and the Arabian Gulf and consuming countries such as the countries of East Asia and Western Europe. And record gas prices in the United States declined significantly compared to European prices, which depend mainly on pipelines and giant ships to transport liquefied gas. It should be noted that the low prices do not serve gas industry and production, they increase the demand for it, but at the same time does not encourage the investment process in the extraction and processing, which is expensive. One of the most serious factors that threaten the production and manufacture of extreme fluctuations in gas prices and lack of stability or predictability, so they also do not encourage investment in the gas industry. Therefore, the fair price of gas must take into account the interests of producer and consumer interests alike; to continue the process of gas production more profitable for all parties. For example, if gas prices fell below the $ 3.5 million BTUs in the United States, it will tempt power companies shift from coal to natural gas, which increases the pressure on the demand for gas, and thus to the resumption of high oil prices