Amid the rising supply chain issues (Europe’s ban on Russian gas), energy crisis, and expanding costs, companies are increasingly moving away from traditional fossil fuels to actively scout for alternates. They are on the lookout for best-suited alternatives from the perspectives of application use case, supply economics, and pricing fit. In lieu of this, it is imperative to understand the current market situation for natural gas and its impact on price as the rationale for the transition to alternate fuels.