Will Natural Gas Prices Go Down In 2024. In 2022 and 2023, increases in natural gas supply (domestic natural gas production and imports) exceeded the increases. At the same time, new gas supplies coming to market in 2024 remain limited due to the relatively slow growth of lng production while geopolitical tensions continue to fuel price volatility, according to a new iea review of global gas markets and security.
Experts are mixed when it comes to future projections, with most expecting a bearish turn. In 2022 and 2023, increases in natural gas supply (domestic natural gas production and imports) exceeded the increases.