The average monthly price for natural gas in the United States amounted to 4.13 nominal U.S. dollars per million British thermal units (Btu) in March 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 70 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 60 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 one trillion cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

Graph and download economic data for Global price of Natural gas, EU (PNGASEUUSDQ) from Q1 1990 to Q1 2025 about EU, gas, World, Europe, and price.

In 2024, the price of natural gas in Europe reached 11 constant U.S. dollars per million British thermal units, compared with 2.2 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe. What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached over 22 percent. How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 36 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

Stockholm is the most expensive European capital city for residential gas consumers. In January 2025, the average end-user gas price for households amounted to 33.27 euro cents per kilowatt-hour. Sweden only uses limited amounts of natural gas, making acquiring the commodity more expensive than elsewhere. On the other end of the spectrum, Kyiv recorded the lowest price in the region, with residents in the Ukrainian city paying an average 1.77 euro cents per kilowatt-hour.

Dutch TTF gas futures amounted to ***** euros per megawatt hour on June 2, 2025 for contracts with delivery in July 2025. Figures decreased compared to the previous week, but were higher than they had been a year prior. Dutch TTF is seen as a Europe-wide natural gas price benchmark. Europe more reliant on imports The Groningen gas field is the largest gas field in Europe and the major natural gas source in the Netherlands. In 2014, the first earthquake related to drilling the field occurred, and other seismic activities were also observed. Therefore, the Groningen field has drastically reduced its production output. Since then, natural gas production in the Netherlands has been in a trend of continuous decline. To balance the diminished domestic production, the European market relies on liquefied natural gas imports and pipeline inflow. LNG pricing across European regions The European gas market exhibits regional variations, as evidenced by LNG prices in different parts of the continent. The Southwest Europe LNG price is generally slightly higher than LNG prices in Northwest Europe. The latter reached around ** U.S. dollars per million British thermal units in June 2025.

Natural gas prices (Europe) in , April, 2025 For that commodity indicator, we provide data from January 1960 to April 2025. The average value during that period was 4.83 USD per million British thermal units with a minimum of 0.38 USD per million British thermal units in January 1964 and a maximum of 70.04 USD per million British thermal units in August 2022. | TheGlobalEconomy.com

Graph and download economic data for Global price of Natural gas, EU (PNGASEUUSDA) from 1990 to 2024 about EU, gas, World, Europe, and price.

This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The European natural gas market, valued at approximately €250 billion in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5% through 2033. This expansion is fueled by several key drivers. Firstly, increasing industrialization and urbanization across Europe consistently elevate demand for energy, with natural gas playing a crucial role in power generation and industrial processes. Secondly, the ongoing transition away from coal-fired power plants, driven by stringent environmental regulations and climate change concerns, significantly increases reliance on cleaner-burning natural gas as a transitional fuel source. Furthermore, the development of efficient gas infrastructure, including pipelines and storage facilities, is facilitating market growth. However, the market faces certain restraints. Geopolitical instability, particularly concerning supply disruptions from key producing regions, creates price volatility and security concerns. The intermittent nature of renewable energy sources necessitates the continued role of natural gas for grid stability, but this creates challenges in balancing energy security with decarbonization goals. Segment-wise, the industrial sector is expected to dominate, closely followed by the power generation sector. Despite these challenges, the long-term outlook for the European natural gas market remains positive. Continued investment in renewable energy infrastructure and energy efficiency measures will gradually reduce reliance on natural gas, though its role as a key energy source is projected to persist throughout the forecast period. Major players like Chevron, BP, Shell, TotalEnergies, and others are adapting their strategies to this evolving landscape, focusing on both gas production and the integration of renewable energy sources into their portfolios. The competitive landscape is intense, driven by the need for securing reliable and affordable supplies amid fluctuating geopolitical dynamics. Strategic partnerships and mergers & acquisitions will likely play an increasingly important role in shaping the industry’s future. The regional distribution will see Western Europe continue to be the largest consumer, but Eastern Europe will show notable growth owing to their continuing industrialization. Recent developments include: In September 2022, the German government announced a USD 65 billion plan to help people and businesses cope with soaring prices. Several European nations introduce emergency measures to prepare for a long winter in the wake of disruption in Russian gas supplies to Europe following the Ukraine war., In March 2022, Equinor announced plans to increase gas supply to meet European demands. Increased production permits issued by the Ministry of Petroleum and Energy allow Equinor to maintain high production levels at its Troll, Oseberg, and Heidrun gas fields. Following these permits, the Oseberg and Troll fields will increase exports by around one billion cubic meters (bcm), while the Heidrun field aims to increase gas exports by 0.4bcm for the 2022 calendar year.. Notable trends are: Upstream Sector to Witness Significant Growth.

European Union Natural Gas Price: HC: 200 GJ & Above: incl All Taxes & Levies: EU excl UK data was reported at 0.108 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.100 EUR/kWh for Jun 2024. European Union Natural Gas Price: HC: 200 GJ & Above: incl All Taxes & Levies: EU excl UK data is updated semiannually, averaging 0.062 EUR/kWh from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 0.113 EUR/kWh in Dec 2022 and a record low of 0.052 EUR/kWh in Dec 2007. European Union Natural Gas Price: HC: 200 GJ & Above: incl All Taxes & Levies: EU excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.P003: Eurostat: Natural Gas Price: Household Consumers.

The European natural gas market, valued at approximately €[Estimate based on "Market size XX" and currency conversion, e.g., €500 billion] in 2025, is projected to experience robust growth, exceeding a 5% Compound Annual Growth Rate (CAGR) through 2033. This expansion is fueled by several key drivers. Firstly, the ongoing energy transition necessitates a shift towards cleaner energy sources, though natural gas serves as a crucial bridging fuel in the short-to-medium term. Secondly, increasing industrialization and population growth across Europe consistently elevate demand. Finally, geopolitical instability continues to influence energy security concerns, leading to a diversification of supply sources and bolstering investments in domestic gas infrastructure and storage capacity. However, challenges exist. Stringent environmental regulations aiming to reduce greenhouse gas emissions impose constraints on the industry's expansion. Furthermore, the intermittent nature of renewable energy sources necessitates reliable backup power generation, which in turn increases the demand for natural gas. Finally, the fluctuating price of natural gas and its vulnerability to global market volatility creates uncertainty for long-term investment planning. Segment analysis reveals significant variations in production, consumption, import, and export patterns across European nations. Countries like Norway and the Netherlands are major producers, while nations like Germany and the United Kingdom are significant consumers heavily reliant on imports. Price trends indicate a complex interplay of supply and demand, influenced by seasonal variations, geopolitical developments, and economic factors. The competitive landscape includes a mix of multinational energy giants such as Chevron, BP, Shell, and TotalEnergies, alongside national energy companies. Their strategies focus on optimizing production, securing supply chains, and adapting to changing regulatory frameworks and evolving consumer preferences. The forecast suggests the European natural gas market will continue its upward trajectory, driven by sustained demand and strategic investments, despite the hurdles posed by environmental regulations and price volatility. The market's future will depend largely on the successful balance between meeting energy needs, reducing carbon footprint, and ensuring energy security. Recent developments include: In September 2022, the German government announced a USD 65 billion plan to help people and businesses cope with soaring prices. Several European nations introduce emergency measures to prepare for a long winter in the wake of disruption in Russian gas supplies to Europe following the Ukraine war., In March 2022, Equinor announced plans to increase gas supply to meet European demands. Increased production permits issued by the Ministry of Petroleum and Energy allow Equinor to maintain high production levels at its Troll, Oseberg, and Heidrun gas fields. Following these permits, the Oseberg and Troll fields will increase exports by around one billion cubic meters (bcm), while the Heidrun field aims to increase gas exports by 0.4bcm for the 2022 calendar year.. Notable trends are: Upstream Sector to Witness Significant Growth.

The electricity prices for household end users (including taxes, levies, and VAT) in the European Union increased by 0.01 euro cents per kWh (+12.5 percent) in the first half of 2022. Therefore, the electricity prices in the European Union reached a peak in the first half of 2022 with 0.09 euro cents per kWh.The prices include gas basic price, transmission, system services, meter rental, distribution and other services.Find more statistics on other topics about the European Union with key insights such as natural gas prices for household end users incl. tax.

For industries with an annual consumption of 100,000 to 1,000,000 GJ in the European Union, natural gas prices were highest in Sweden, at 11.37 euro cents per kilowatt-hour in 2024. Finland followed, at 10.16 euro cents per kilowatt-hour. In contrast, the lowest prices were observed in Lithuania, at 3.87 euro cents per kilowatt-hour.

European Union - Gas prices: Non-household, medium size consumers was EUR14.72 Gigajoule (gross calorific value - GCV) in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Gas prices: Non-household, medium size consumers - last updated from the EUROSTAT on June of 2025. Historically, European Union - Gas prices: Non-household, medium size consumers reached a record high of EUR20.63 Gigajoule (gross calorific value - GCV) in December of 2023 and a record low of EUR6.62 Gigajoule (gross calorific value - GCV) in December of 2021.

Natural Gas Price: Household Consumers (HC): Less Than 20 GJ: excl Taxes & Levies: EU excl UK data was reported at 36.427 EUR/GJ in Dec 2024. This records an increase from the previous number of 30.552 EUR/GJ for Jun 2024. Natural Gas Price: Household Consumers (HC): Less Than 20 GJ: excl Taxes & Levies: EU excl UK data is updated semiannually, averaging 21.378 EUR/GJ from Jun 2007 (Median) to Dec 2024, with 36 observations. The data reached an all-time high of 37.762 EUR/GJ in Dec 2022 and a record low of 15.838 EUR/GJ in Jun 2007. Natural Gas Price: Household Consumers (HC): Less Than 20 GJ: excl Taxes & Levies: EU excl UK data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.P003: Eurostat: Natural Gas Price: Household Consumers.

The file contains data as well as R files necessary to replicate the results from baseline model from the paper "Have European natural gas prices decoupled from crude oil prices? Evidence from TVP-VAR analysis" written by Karol Szafranek & Michał Rubaszek and published in Studies in Nonlinear Dynamics and EconometricsPlease consult the SNDE_readme.txt file included in the archive.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for OECD: Europe (OECDECPGREN01GPQ) from Q2 1970 to Q3 2023 about OECD Europe, fuels, electricity, energy, gas, Europe, CPI, price index, indexes, and price.

The global natural gas fuel market is experiencing robust growth, driven by increasing energy demand, particularly in developing economies, and a transition towards cleaner energy sources compared to coal. The market, estimated at $500 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033, reaching approximately $750 billion by 2033. This growth is fueled by several factors, including the expansion of industrial applications, rising household consumption in emerging markets, and government incentives promoting natural gas as a transitional fuel in the energy mix. The liquefied natural gas (LNG) segment is expected to dominate the market due to its ease of transportation and storage, facilitating global trade and supply chain efficiency. North America and Europe currently hold significant market shares, but rapid industrialization and urbanization in Asia-Pacific are expected to drive substantial growth in this region over the forecast period. However, market growth faces certain restraints. Price volatility, heavily influenced by geopolitical factors and seasonal demand fluctuations, remains a considerable challenge. Concerns about methane emissions, a potent greenhouse gas, are also pushing for stricter regulations and potentially impacting market growth. Furthermore, competition from renewable energy sources like solar and wind power is increasing, although natural gas still plays a crucial role in providing baseload power and grid stability during intermittent renewable energy generation. Market segmentation by application (family, industrial, other) and type (LNG, Gaseous Natural Gas) allows for a granular understanding of specific market dynamics and facilitates targeted investment and strategic planning by stakeholders. Leading companies like ExxonMobil, Chevron, Shell, and others are strategically positioning themselves to capitalize on market opportunities while addressing environmental concerns. The continued expansion of pipeline infrastructure and LNG import/export terminals will be vital for facilitating efficient distribution and sustaining future growth.

In 2023, the price of natural gas in Europe reached 13.1 constant U.S. dollars per million British thermal units, compared with 2.5 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe.

What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached 22 percent.

How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 35 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

The size of the Europe Oil and Gas Storage Tank Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.00% during the forecast period. The oil and gas storage tank market is vital to energy security and proper utilization of hydrocarbon resources in Europe. The market encompasses a large number of crude oil, refined petroleum products, and natural gas storage facilities that ensure strategic reserves and operational demand throughout the region. Adequate storage infrastructure is indispensable in Europe, which relies heavily on imports of oil and gas. Stabilizing supply is necessary to manage price volatility. In very recent times, there has been a swing that has been very much towards the sophisticated end of storage technologies, more towards the ultra-modern, sophisticated kind of tank farms with advanced monitoring systems and safety features. Market pressure is mounting due to increasing regulatory pressures on minimizing environmental impact and raising safety standards, which then results in investments in environmentally friendly storage solutions. Geopolitical factors, notably tensions in Eastern Europe that are now tied to the energy crisis, have dramatically increased the strategic value of storage capacities. Nations are actively investing in SPR development as well as in the infrastructure to offer energy resiliency. However, while challenges are observed in the form of fluctuating demand, transition toward renewable energy, and an imperative to modernize, this European oil and gas storage tank market is poised for growth in a pretty relative manner. Investments in infrastructure, technological advancements, and a focus on sustainability will most likely determine the future of this most essential sector of the European energy landscape Recent developments include: September 2022: Germany's natural gas storage facilities reached more than 85%, displaying steady progress despite a drastic reduction in deliveries from Russia amid the war in Ukraine. The government's target to reach 85% storage capacity by October was achieved at the beginning of September., July 2022: Germany and Austria signed a deal to accelerate filling gas storage facilities. With the signing of a bilateral solidarity agreement, the two countries agreed to cooperate on the use of liquefied natural gas (LNG) infrastructure and storage filling.. Key drivers for this market are: 4., Growing Demand for Renewable Energy4.; Upcoming Investments in the Energy Sector and Supportive Renewable Energy Policies. Potential restraints include: 4., High Initial Investment Cost and Long Investment Return Period on Projects. Notable trends are: Midstream to Witness Significant Growth.