Page 36 - Policy Economic Report - September 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Period Domestic Gas calculated Gas price ceiling – difficult areas
price in US$/MMBTU price in US$/MMBTU
1-31 January 2024
1-29 February 2024 7.82 9.96
1-31 March 2024
1-30 April 2024 7.85 9.96
1-31 May 2024 8.17 9.96
1-30 June 2024 8.38 9.87
1-31 July 2024 8.90 9.87
1-31 August 2024 8.44 9.87
1-30 September 2024 8.24 9.87
Source- PPAC 8.51 9.87
7.85 9.87

Figure 17: Domestic natural gas price September’23–24 ($/mmbtu)12.12

8.6014.00 9.20 9.12 8.47 7.82 7.85 8.17 8.38 8.90 8.44 8.24 8.51 7.85
12.00 9.96 9.96 9.96 9.96 9.96 9.96 9.87 9.87 9.87 9.87 9.87 9.87
10.00

8.00
6.00
4.00
2.00
0.00

Domestic gas price Gas price ceiling (for difficult areas)

Source- PPAC

September 2024 Page | 35