WGPS2024_3

Wholesale prices can obviously vary significantly from year to year. In 2023, prices in Europe were by far the highest, reflecting the still high average spot prices, at $15.83 per MMBTU. Asia Pacific had prices averaging $11.56 and Asia had average prices at $9.16. OPE is the primary pricing mechanism in both regions, so these were much less impacted by spot prices. Prices in North America in 2023 were below the average for Latin America and even Africa. Prices in the Former Soviet Union, in USD terms, and the Middle East, were the lowest.