The Natural Gas price in South Africa increased during Q4 2022 to 3.5 USD per MMBtu, which represents a considerable rise of 21% compared to the previous quarter’s value. On a year-over-year basis, Natural Gas prices in South Africa increased by 73%.
I recall reading over the next four years gas prices were likely to hit USD6 per MMBtu with USD10 not out of the question.
https://africaoilgasreport.com/2023/07/gas-monetization/maximum-gas-price-of-6-5-per-thousand-cubic-feet-not-excessive-sasol-tells-south-african-regulator/
IVZ Share Price, page-18651
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