The price of natural gas contracts for delivery in May 2025 on the world market continued to fall sharply in the trading session on April 7. However, the domestic gas price in April 2025 remained unchanged because the world CP price remained unchanged.
World gas prices
According to newly updated data from CME Group, the price of Henry Hub natural gas futures contract for delivery in May 2025 (code NGK5) continued to plummet in the session on April 7: Closing price: 3.754 USD/MMBtu equivalent to a decrease of 0.083 USD equivalent to -2.16%.
This is the second consecutive decline, following a sharp drop of more than 7% on April 6 - showing a deep adjustment trend in the global gas market.
Main cause: Warming weather in the US: According to Commodity Weather Group, temperatures in the eastern and southeastern regions of the US are gradually warming, reducing the demand for heating, which is a major consumer of gas in the winter.
Gas inventories rise: New data from the US Energy Information Administration (EIA) shows that gas inventories are now above the five-year average – putting downward pressure on short-term prices.
Cautious sentiment due to global economy : Concerns about recession, trade war and prolonged high inflation caused investors to reduce buying positions, shifting to safe haven channels such as USD and gold.
Domestic gas prices
According to the records of PV Thuong Truong, the domestic gas price in April did not change compared to the selling price in March because the average world gas price contract in April did not change compared to the previous month.
Specifically, the retail price of Petrolimex gas cylinders (including VAT) in April 2025 in the Hanoi market is 457,400 VND/12 kg household cylinder; 1,829,600 VND/48 kg industrial cylinder, unchanged compared to the selling price in March.
Similarly, according to the announcement from Southern Gas Trading Joint Stock Company (Gas South), domestic retail gas prices in April for the Company's brands including: Gas Dau Khi, VT-Gas, A Gas, JP Gas, Dak Gas and Dang Phuoc Gas remained unchanged compared to March 2025.
Specifically, the retail gas price to consumers is 475,400 VND/12kg cylinder and 1,784,111 VND/45kg cylinder (including VAT), applicable to the Eastern and Western regions of the South.
According to a representative of Petrolimex Gas Corporation, the gas price in April remained unchanged compared to March because the average world gas price contract in April was at 610 USD/ton, unchanged compared to March, so the Gas Corporation did not make any price adjustments.
Since the beginning of the year, gas prices have decreased twice and remained unchanged twice.
Source: https://baodaknong.vn/gia-gas-hom-nay-7-4-tiep-tuc-lao-doc-248556.html
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