In financial year 2024, the average market price of gas in Sydney, Australia was 11.7 Australian dollars per gigajoule. This was a significant decrease from the previous year.

Natural gas rose to 3.36 USD/MMBtu on July 11, 2025, up 0.58% from the previous day. Over the past month, Natural gas's price has fallen 3.89%, but it is still 44.10% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on July of 2025.

In financial year 2024, the average market price of gas in Victoria, Australia was 11.34 Australian dollars per gigajoule. This was a significant decrease from the previous year.

Australia Short Term Trading Market: Average Daily Ex Ante Gas Prices: Sydney Hub data was reported at 13.660 AUD/GJ in Dec 2024. This records an increase from the previous number of 12.570 AUD/GJ for Sep 2024. Australia Short Term Trading Market: Average Daily Ex Ante Gas Prices: Sydney Hub data is updated quarterly, averaging 6.635 AUD/GJ from Sep 2010 (Median) to Dec 2024, with 58 observations. The data reached an all-time high of 28.870 AUD/GJ in Jun 2022 and a record low of 2.300 AUD/GJ in Dec 2014. Australia Short Term Trading Market: Average Daily Ex Ante Gas Prices: Sydney Hub data remains active status in CEIC and is reported by Australian Energy Regulator. The data is categorized under Global Database’s Australia – Table AU.P005: Gas Prices.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

Gasoline Prices in Australia increased to 1.17 USD/Liter in June from 1.14 USD/Liter in May of 2025. This dataset provides the latest reported value for - Australia Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Australia Commodity Price Index: Weights: Other Resources: Liquefied Natural Gas data was reported at 5.100 % in Feb 2013. This stayed constant from the previous number of 5.100 % for Jan 2013. Australia Commodity Price Index: Weights: Other Resources: Liquefied Natural Gas data is updated monthly, averaging 5.100 % from Feb 2008 (Median) to Feb 2013, with 61 observations. The data reached an all-time high of 6.500 % in Aug 2009 and a record low of 5.100 % in Feb 2013. Australia Commodity Price Index: Weights: Other Resources: Liquefied Natural Gas data remains active status in CEIC and is reported by Reserve Bank of Australia. The data is categorized under Global Database’s Australia – Table AU.I051: Commodity Price Index: Weights (Old).

In financial year 2024, the average market price of gas in Adelaide, Australia was 11.88 Australian dollars per gigajoule. This was a significant decrease from the previous year.

The Gas Supply industry consists of gas retailers that buy and sell gas, and gas distributors that operate the distribution networks carrying gas to end users. The retail and distribution functions are separated by regulation, with different companies performing these activities. Gas retailing accounts for the majority of industry revenue and is dominated by three companies; AGL Energy Limited, Origin Energy Limited and EnergyAustralia Holdings Limited. SGSP (Australia) Assets Pty Ltd, trading as Jemena, is among the largest gas distribution companies.Industry revenue is expected to rise at an annualised 2.2% over the five years through 2024-25, to $16.3 billion. This includes an anticipated decline of 9.6% in 2024-25 as prices ease. Turmoil in global energy markets related to the pandemic and the Russia-Ukraine war has flowed through to volatility in domestic gas prices. Strong competition among retailers has constrained growth in revenue and profit margins, with the larger retailers losing market share among residential customers. The development of LNG export facilities over the past decade has caused a significant share of Australian gas production to be shipped overseas, creating concern over domestic supply conditions on Australia's east coast. High prices on the domestic market have prompted an industrywide decline in profit as a share of revenue.The domestic price of natural gas is projected to remain elevated, with concerns over tightening supply conditions on Australia’s east coast. LNG exporters are likely to allocate a greater share of production to the domestic market to limit further market intervention by the Australian Federal Government. Domestic consumption of natural gas is forecast to come under pressure as households transition to more energy-efficient technologies. In the meantime, increased demand from gas-fired power stations will replace lost demand over the medium term, as gas-fired power is expected to provide firming capacity as the energy transition takes shape. Overall, industry revenue is forecast to fall at an annualised 4.8% over the five years through 2029-30, to $12.7 billion.

Oil and gas producers have experienced significant revenue volatility. Changes in oil and gas prices, exchange rate movements, annual production volumes, and domestic and export demand for oil and gas all influence the industry’s performance. Output has expanded over the past decade, while world oil and natural gas prices have displayed significant volatility. Australia's natural gas production, which comprises most of the industry, has soared over the past decade as new gas fields have been developed to feed Australia's liquefied natural gas (LNG) facilities. Global trade in LNG has expanded, with growing demand for LNG in Asian markets and weakness in the Australian dollar benefiting Australian producers. The industry has invested in several major gas export projects over the past decade, which have increased Australia's LNG production capacity to 88.0 million tonnes per annum. Industry revenue is expected to have inched upwards at an annualised 0.5% over the five years through 2024-25, to $100.3 billion. Rising oil and gas prices in the fallout of the Russia-Ukraine conflict sent revenue skyrocketing and expanded the industry’s profitability over the two years through 2022-23. However, industry revenue is expected to fall for the second consecutive year in 2024-25, dropping 5.0%, as prices for oil and liquified petroleum gas continue to recede and volumes drop. Recent high prices have caused some projects to be restarted and new projects to be green-lit. However, the major oil and gas producers have taken the opportunity to futureproof their portfolios, divesting low-quality assets in the face of rising public concern over environmental issues. Merger and acquisition activity in global oil and gas markets is set to intensify as producers look to consolidate their position and strengthen their balance sheets. Government intervention in domestic gas markets has also created regulatory uncertainty, which is likely to constrain investment in Australia's oil and gas sector going forwards. Ongoing price declines and falling oil and gas production will drive a forecast annualised 5.9% drop in industry revenue over the five years through 2029-30, to $73.8 billion.

United States Natural Gas Imports: Average Price: LNG: Australia data was reported at 0.000 USD/1000 Cub ft in Jun 2013. This stayed constant from the previous number of 0.000 USD/1000 Cub ft for May 2013. United States Natural Gas Imports: Average Price: LNG: Australia data is updated monthly, averaging 2.420 USD/1000 Cub ft from Feb 1998 (Median) to Jun 2013, with 35 observations. The data reached an all-time high of 7.570 USD/1000 Cub ft in Dec 2004 and a record low of 0.000 USD/1000 Cub ft in Jun 2013. United States Natural Gas Imports: Average Price: LNG: Australia data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P007: Natural Gas Price.

In 2022, liquified natural gas (LNG) cost approximately 18.4 U.S. dollars per million British thermal units in Japan. The country imported the majority of its natural gas supply from overseas.

Natural gas production in Japan

Since Japan has limited natural resources, it heavily depends on imports for its primary energy supply. Only a small amount of the total supply of natural gas energy is produced domestically in areas such as Hokkaido, Chiba, or Niigata Prefecture. The natural gas produced in the around 60 oil and natural gas mines operating in Japan is mainly wet and dry natural gas. Minami-Kanto natural gas fields dissolved in water, which lies across Chiba Prefecture and surrounding prefectures, yields close to 20 percent of the total production of natural gas in the country. The saltwater in the field also includes a great amount of iodine. Japan is hence one of the leading countries regarding iodine production.

LNG imports

Apart from the two percent of in-house natural gas production, the rest of the natural gas supply in Japan originates from liquefied natural gas (LNG) imports from countries like Australia, the state of Qatar, Malaysia, and Indonesia.

Japan imported over 71 megatons of LNG in recent years, making the country the world’s largest importer of LNG. Natural gas and LNG accounted for over 23 percent of the total primary energy supply in Japan, indicating that natural gas and LNG are some of the most essential resources the country requires.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Australia (CPGREN01AUQ657N) from Q2 1971 to Q3 2023 about fuels, Australia, electricity, energy, gas, CPI, price index, indexes, and price.

As at June 2022, the gas price index was measured at around ***** points. This marked an increase compared to the beginning of the measured period, 2005, when the index value was 100 points.

This report analyses the price of natural gas. The price of natural gas is measured by the natural gas input price index for manufacturers and is sourced from the Australian Bureau of Statistics. This measures the price of natural gas delivered to factories and includes all related costs such as distribution fees and non-deductable taxes. The historical data for this report uses the average value of a quarterly index over each financial year and is measured in index points. The base year for the index is 2012.

Prior to 2015-16, investment in gas extraction and LNG production facilities across northern Australia supported the industry's growth. This investment was driven by technological advancements in natural gas extraction, liquefaction and long-distance transport. Furthermore, many companies in the upstream Oil and Gas Extraction industry outsourced site preparation and construction services to firms in the Oil and Gas Field Services industry. The construction of major LNG projects provided a significant source of industry demand, with revenue peaking in 2014-15. However, industry revenue fell sharply after these projects were completed. Over the past five years, industry revenue has increased thanks to spikes in 2021-22 and 2022-23, driven by global disruptions like the Russia-Ukraine conflict, which led to higher energy prices and strong demand for LNG exports. Heightened oil and gas extraction and large-scale investments in infrastructure greatly benefited service providers, especially in construction, engineering and maintenance roles, across resource-rich states. However, from 2023-24, industry activity has contracted sharply as energy prices stabilise, demand from key export markets like China declines and investor caution grows amid the global energy transition. As a result, the industry’s focus has shifted from construction to maintenance, asset management and decommissioning services. Larger global firms, like CIMIC and Worley, have dominated major contracts, while specialist providers have carved out roles in highly regulated or complex niches. Overall, industrywide revenue is expected to climb at an annualised 2.0% over the five years through 2025-26 to $2.6 billion. This includes an anticipated 4.6% fall in revenue in 2025-26. The industry’s performance is set to somewhat stabilise from the sharp declines experienced over the three years through 2025-26, with stable, but subdued, investment forecast. While moderating oil and gas prices will prevent a revenue recovery, a pipeline of new projects, like the Crux gas development, will support demand, particularly in construction-related segments. However, intensifying global competition from expanding LNG exporters in the United States and Qatar presents risks for industry growth. Regulatory challenges, rising decarbonisation, community pressure and volatile construction costs will continue to make new upstream developments more complex and costly, limiting large-scale expansion opportunities. As regulations tighten on asset retirement and site rehabilitations, ageing offshore fields are creating a significant opportunity for field service providers specialising in decommissioning, remediation and compliance. Industry revenue is forecast to fall at an annualised 2.5% over the five years through 2030-31 to $2.3 billion.

Australia Victorian Gas Market: Average Daily Weighted Imbalance Prices data was reported at 12.260 AUD/GJ in Dec 2024. This records an increase from the previous number of 12.070 AUD/GJ for Sep 2024. Australia Victorian Gas Market: Average Daily Weighted Imbalance Prices data is updated quarterly, averaging 5.275 AUD/GJ from Sep 2008 (Median) to Dec 2024, with 66 observations. The data reached an all-time high of 28.830 AUD/GJ in Jun 2022 and a record low of 1.300 AUD/GJ in Dec 2010. Australia Victorian Gas Market: Average Daily Weighted Imbalance Prices data remains active status in CEIC and is reported by Australian Energy Regulator. The data is categorized under Global Database’s Australia – Table AU.P005: Gas Prices. These are Imbalance weighted prices that use (forecast) imbalance volumes and prices for the five schedules each day.

This report analyses the average annual price of Australian liquefied natural gas (LNG), which is natural gas that has been converted into an exportable form. The data used for the report includes the annual export values and volumes of LNG, which are sourced from the Office of the Chief Economist. Data is expressed in terms of dollars per gigajoule per financial year. The domestic price of natural gas and the export price of LNG are linked, but are not synonymous.

European countries have some of the highest natural gas prices for households worldwide. Natural gas prices for households vary greatly around the world, depending on governmental levies, taxes, as well as local production. In Sweden, prices averaged 0.24 U.S. dollars per kilowatt-hour in December 2023, whilst prices in Canada, a producer of natural gas, were just 0.04 U.S. dollars per kilowatt-hour.

The Australian oil and gas industry, while facing a negative CAGR of -4.19%, presents a complex picture influenced by global energy transitions and domestic policy. The market, valued at an estimated $XX million in 2025 (this value needs to be provided to complete the analysis), is segmented into upstream (exploration and production), midstream (transportation and storage), and downstream (refining and distribution). Upstream activities, particularly in offshore gas production, remain significant contributors to the nation's energy supply and export revenue. However, increasing environmental regulations, a global push towards renewable energy, and fluctuating global oil and gas prices significantly constrain growth. Furthermore, the industry faces challenges in attracting investment amidst uncertainties surrounding future energy demands and carbon emission targets. While companies like Woodside Petroleum Limited and BHP Group PLC play a crucial role, the industry's overall trajectory hinges on successfully navigating the transition to a lower-carbon future. This necessitates investments in carbon capture and storage technologies, alongside exploration and production of lower-emission energy sources. The ongoing exploration of new resources, alongside strategic partnerships, will determine the industry's long-term viability and resilience within the global energy landscape. Regional variations exist, with some areas experiencing higher levels of activity than others depending on specific geological conditions and resource availability. Government policies promoting sustainable energy development further influence the sector’s future, impacting investment decisions and ultimately shaping the industry’s overall growth. The long-term forecast (2025-2033) for the Australian oil and gas market remains uncertain. The negative CAGR suggests a potential contraction, though this may be offset by strategic investments in new technologies and projects. The geographical distribution of resources and production facilities within Australia, while favorable in certain pockets, will continue to shape the sector's regional performance. Further analysis is needed to accurately project specific regional market shares, which will vary based on individual projects and their success. Competitive pressures from international players and domestic policy changes will continue to influence the market's evolution, requiring adaptive strategies from companies operating in the Australian oil and gas sector. Diversification into renewable energy sources and related services might be critical for long-term survival and growth for existing players. Recent developments include: September 2022: Santos Ltd. sanctioned a USD 300 million pipeline project that would create an additional connection to its Darwin liquefied natural gas facility in Northern Australia., March 2023: ConocoPhillips announced through its Australian subsidiary that it is planning to become the upstream operator of Australia Pacific LNG (APLNG) following the closing of EIG's transaction with Origin Energy. The company also agreed to purchase up to an additional 2.49% of the shareholding in APLNG. After this transaction, it is expected to own around 49.99% of APLNG.. Key drivers for this market are: 4., Increasing Natural Gas Demand4.; Rising Pipeline Network and Associated Infrastructure Development. Potential restraints include: 4., Increasing Natural Gas Demand4.; Rising Pipeline Network and Associated Infrastructure Development. Notable trends are: Midstream Segment Expected to Witness Significant Demand.