Global gas prices crash down to Australian

Wednesday, 17 January 2024

European gas prices keep crashing. The US has had a cold spell, but its gas price is also retracing. Both jurisdictions have record inventories:

Asian gas and coal prices are following:

TTF at 29EUR is equivalent to about $9Gj. Adjusted for net back and currencies, European gas is roughly $12.50Gj. Asian prices are closer to $13Gj. In Australia, gas is going for $12Gj on the spot market today.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.