Monthly Exports Prices of LNG in U.S.

Trend of Decreasing Prices

LNG export prices in the U.S. experienced a significant decrease over the period covered, with the peak price of $16.72 per thousand cubic feet in September 2022 and the lowest recorded price of $6.45 per thousand cubic feet in August 2023. This delineates a downward trend in prices, highlighting a substantial reduction of over 60% within a year.

Monthly Fluctuations

The data reveals monthly fluctuations in LNG export prices, with notable increases and decreases throughout the period. For instance, prices surged from $10.24 in November 2021 to $14.32 in October 2022, followed by a stark decline to $7.08 in October 2023. These shifts underscore the volatility in the LNG market over the two-year span.

Year-over-Year Analysis

Comparing year-over-year prices for November, a marked decrease is observed from $11.68 per thousand cubic feet in November 2022 to $7.51 in November 2023. This year-over-year analysis indicates a 35.6% decrease, highlighting the downward price trend for LNG exports in the U.S.

Highest and Lowest Price Points

The highest price was recorded in September 2022 at $16.72 per thousand cubic feet, whereas the lowest price was noted in August 2023 at $6.45. These points represent the extremes in the data set, emphasizing the broad range of prices that LNG exports can command within a relatively short timeframe.

Seasonal Price Patterns

Analyzing seasonal patterns, prices tended to be higher during the colder months, with the highest prices observed from September 2022 to February 2023. Conversely, the warmer months from April to August 2023 saw some of the lowest prices. This suggests a potential seasonal impact on LNG export prices, with demand possibly driving prices up during colder periods.

Price Recovery Signs

Despite the overall downward trend, the last few months of the dataset show signs of a price recovery, with an increase from $6.45 in August 2023 to $7.51 in November 2023. This recovery, albeit modest, indicates a potential stabilization or upward trend beginning to emerge after a period of significant declines.