NCP Natural Gas Price Indices published on the NASDAQ Natural Gas Market Tracker today (Thursday).
The indices track prices across a number of key natural gas suppliers including:NCP Natural gas prices were up 0.5% at $1.37 per million British thermal units (Btu) in the first week of April, the lowest price recorded since early April.
However, the index is now down nearly 12% in the last 24 hours.
At the same time, natural gas engine prices were down 1.7% to $1 (NZ$) per million Btu, but this is still up a little from last week, when they were down 3.5%.
The index is up by 0.2% for natural gas heat and by 0% for nuclear thermal (NTV) at the same moment.NCP also released an analysis of the latest data in the natural gas market.
The analysis found that the US market is showing little improvement, with US natural gas production increasing only slightly in the year to March, but it is growing faster in China.
Natural gas prices in the US are expected to decline again this year.