The second quarter of 2023 brought some fluctuations in the prices of natural gas in North America. In April, there was a decrease of 11.18 percent in prices due to lower power demand from the industrial sector and the US Federal Reserve's decision to increase interest rates to control inflation. Consumer sentiments remained low, and industries were operating at reduced capacity. However, in May and June, there was a bullish trend in natural gas prices. The demand from the industrial sector increased as inflation decreased and consumer sentiments improved. The need for cooling also positively impacted natural gas prices. By the end of June, there was an 11.8 percent increase in prices compared to April. Additionally, LNG exports to Europe played a role in boosting natural gas prices in the region. The settlement price for natural gas (USD per 1000MMBtu) ex-Louisiana was USD 2433/1000MMBtu in June 2023.