Page 36 - Policy Economic Report - December 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 October 2023
1-30 November 2023 9.20 9.96
1-31 December 2023
1-31 January 2024 9.12 9.96
1-29 February 2024
1-31 March 2024 8.47 9.96
1-30 April 2024
1-31 May 2024 7.82 9.96
1-30 June 2024
1-31 July 2024 7.85 9.96
1-31 August 2024 8.17 9.96
1-30 September 2024 8.38 9.87
1-31 October 2024 8.90 9.87
1-30 November 2024 8.44 9.87
1-31 December 2024 8.24 9.87
Source- PPAC 8.51 9.87
7.85 9.87
7.48 10.16
7.53 10.16
7.29 10.16

Figure 23: Domestic natural gas price November’23–24 ($/mmbtu)

14.00
12.00
10.00

8.00
6.00
4.00
2.00
0.00
9.12
9.96

8.47
9.96

7.82
9.96

7.85
9.96

8.17
9.96

8.38
9.87

8.90
9.87

8.44
9.87

8.24
9.87

8.51
9.87

7.85
9.87

7.48
10.16

7.53
10.16

Domestic gas price Gas price ceiling (for difficult areas)

Source- PPAC

December 2024 Page | 35