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Why did natural gas increase in price in 2023?
The reasons for the sharp rise in natural gas prices in 2023 are: world energy demand and product prices.

1, world energy demand

In 2023, global greenhouse gas emissions are gradually increasing, environmental awareness is becoming more and more important, clean energy development technology is developing rapidly, and natural gas development technology is becoming more and more mature, which not only brings great convenience to global clean energy development, but also brings higher world energy demand and pushes up global natural gas prices.

2. Product price

In 2023, the global price of natural gas products will rise steadily, because the investment in consumption and industry is expanding, the production capacity and production technology are constantly improving, the supply of natural gas products is increasing steadily, and the global market is becoming more abundant, thus promoting the rise of natural gas prices.

Supply and demand analysis of global natural gas market

1, the growth prospect of global natural gas market demand

Based on the growth of global economy and the future industrial production is mainly gas fuel, it is expected that the global demand for natural gas will continue to grow in the future. At the same time, the utilization rate of global natural gas is also increasing. At present, on a global scale, the demand of natural gas market is still in the growth trend.

2. Supply stability of global natural gas market

In view of the two-step growth of supply and demand in the global natural gas market in the future, the supply in the global natural gas market will continue to expand, and more supply channels will appear, which can provide lower prices and more stable natural gas supply. Therefore, it is expected that the supply stability of the natural gas market will be further improved in the future, but some price fluctuations will inevitably occur in the supply.