In this reassuring and optimistic market, it’s hard to imagine a sharp rise in prices in the coming months. Over the entire period, such a scenario seems highly unlikely; the high level of continental storage should be able to absorb any unexpected pressure from consumer demand.
However, over short periods of time, fluctuations in temperature can create significant price volatility in more fragile regional markets. One such example is the New England market, where natural gas needs rely on natural gas sourced from the Appalachian region and on imported volumes of liquid natural gas (LNG).
For 2024, the market now expects molecule prices to remain around $3.15/GJ before experiencing a significant rebound in early winter 2024–2025. Markets are already anticipating the coming increases in liquefaction capacity. Stay tuned!