# Global gas prices keep rising in 2026, but may fall 40% by 2029

https://mins.news/en/item/72666

- TASS, 2026-09-24 16:11 UTC
- Economy
- Original: https://tass.com/economy/2192379

> Global natural gas prices are continuing to rise in 2026 because of the Strait of Hormuz closure, damage to key LNG infrastructure in the Middle East and a global drought, according to Russia’s Economic Development Ministry. Prices are forecast to drop about 40% from 2025 levels by 2029 as LNG production expands and Persian Gulf supplies resume.

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