The market is segmented By Source (Conventional gas, and Unconventional gas), By Application (Automotive, Power generation, Household, and Industrial fuel), and Country (Canada, USA, and Mexico)

The size of the North America Natural Gas Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.00% during the forecast period. The North American natural gas market is exhibiting dynamic growth, not only owing to high domestic production coupled with rising consumption but also a growing trend toward cleaner sources of energy. Today, the United States is the world's largest producer of natural gas, largely because of the breakthrough in shale extraction technologies that have opened up vast reserves. This has resulted in the United States becoming the world's largest liquefied natural gas exporter. Most particularly, it makes use of incredibly high demand in markets such as Asia and Europe. Canada has considerable natural gas reserves, pipelines, and other infrastructure, supporting both the export of gas to the U.S. and international markets, besides providing domestic energy supply. ALCANICA: Canada is also focusing on the development of LNG export facilities to meet growing demand worldwide. As environmental concerns go up, natural gas becomes a bridge fuel-a source to help in the process of moving away from coal and supporting renewable integration. The issues affecting the market here include price volatility, regulatory barriers, and increased competition due to renewable energy. This should continue to be accompanied by growth in North America's natural gas market, as production capacity is strong, and investments being made in infrastructure are supported within a shifting energy mix that increasingly is suited for cleaner fuels. Recent developments include: In July 2022, Sempra Infrastructure signed an agreement with Mexico's Federal Electricity Commission to advance the joint development of critical energy infrastructure projects in Mexico, including the rerouting of the Guaymas-El Oro pipeline in Sonora, the proposed Vista Pacífico LNG project in Topolobampo, Sinaloa, and the potential development of a liquefied natural gas (LNG) terminal in Salina Cruz, Oaxaca.. 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: Power generation to Dominate the Market.

The report covers US Natural Gas Demand and it is segmented by Type (Wet Natural Gas and Dry Natural Gas) and End Use (Power Generation, Automotive, Residential, and Industries). The report offers the natural gas consumption and forecasts in units (billion cubic meters) for all the above segments.

Natural gas increased 0.21 USD/MMBtu or 5.84% since the beginning of 2025, 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 March of 2025.

The European Commission publishes regular market analysis reports on European gas and electricity markets and energy prices and costs in Europe. The quarterly reports analyse the main factors behind price and volume evolutions on the market and they analyse gas and electricity market interactions between countries.

This dataset is related to: European electricity market reports

The US natural gas market is expected to expand from US$458.9 million in 2024 to US$569.3 million by 2031, achieving a CAGR of 3.1%

Explore the Natural Gas Market trends! Covers key players, growth rate 7.3% CAGR, market size $1670.84 Billion, and forecasts to 2034. Get insights now!

UK Gas decreased 26.27 GBp/Thm or 20.95% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on March of 2025.

The report covers Europe Natural Gas Market Analysis and it is segmented by Sector (Upstream, Midstream, and Downstream), Location of Deployment (Onshore, Offshore), and Geography (United Kingdom, Norway, Netherlands, Germany, and the Rest of Europe). The report offers the market size and forecasts for Europe's natural gas market in revenue (USD Billion) for all the above segments.

TTF Gas decreased 8.92 EUR/MWh or 17.69% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on March of 2025.

About the ProjectKAPSARC is analyzing the shifting dynamics of the global gas markets. Global gas markets have turned upside down during the past five years: North America has emerged as a large potential future LNG exporter while gas demand growth has been slowing down as natural gas gets squeezed between coal and renewables. While the coming years will witness the fastest LNG export capacity expansion ever seen, many questions are raised on the next generation of LNG supply, the impact of low oil and gas prices on supply and demand patterns and how pricing and contractual structure may be affected by both the arrival of U.S. LNG on global gas markets and the desire of Asian buyers for cheaper gas.Key PointsIn the past year, global gas prices have dropped significantly, albeit at unequal paces depending on the region. All else being equal, economists would suggest that this should have generated a positive demand response. However, “all else” was not equal. Prices of other commodities also declined while economic growth forecasts were downgraded. Prices at benchmark points such as the U.K. National Balancing Point (NBP), U.S. Henry Hub (HH) and Japan/Korea Marker (JKM) slumped due to lower oil prices, liquefied natural gas (LNG) oversupply and unseasonal weather. Yet, the prices of natural gas in local currencies have increased in a number of developing countries in Africa, the Middle East, Latin America, former Soviet Union (FSU) and Asia. North America experienced demand growth while gas in Europe and Asia faced rising competition from cheaper coal, renewables and, in some instances, nuclear. Gains to European demand were mostly weather related while increases in Africa and Latin America were not significant. For LNG, Europe became the market of last resort as Asian consumption declined. Moreover, an anticipated surge in LNG supply, brought on by several new projects, may lead to a confrontation with Russian or other pipeline gas suppliers to Europe. At the same time, Asian buyers are seeking concessions on pricing and flexibility in their long-term contracts. Looking ahead, natural gas has to prove itself a credible and affordable alternative to coal, notably in Asia, if the world is to reach its climate change targets. The future of the gas industry will also depend on oil prices, evolution of Chinese energy demand and impact of COP21 on national energy policies. Current low prices mean there is likely to be a pause in final investment decisions (FIDs) on LNG projects in the coming years.

The natural gas market stands poised for further expansion and is expected to report a rise at a CAGR of 2.80% during the period from 2023 to 2032.

The global natural gas price index stood at 232.28 index points in February 2025. Natural gas prices increased by seven index points that month. The global price index takes into account indices from Europe, Japan, and the United States – some of the largest natural gas trading markets. The U.S. is the leading natural gas exporter in the world. Means of trading natural gas Liquefied natural gas (LNG) is the most common form of trading natural gas. Although piped gas is often the preferred choice for transportation between neighboring producing and consuming countries, seaborne trade as LNG has grown in market volume. This is in part thanks to high consumption in pipeline-inaccessible areas such Japan, Korea, and China, as well as the recent increase in LNG trade by European countries. Major natural gas price benchmarks The natural gas prices often used as global benchmarks are Europe’s Dutch TTF traded on the Intercontinental Exchange, Indonesian LNG in Japan, and the U.S. Henry Hub traded on the New York Mercantile Exchange. 2022 was an especially volatile year for natural gas prices, as supply was severely constrained following sanctions on Russian imports. Other reasons for recent spikes in gas prices are related to issues at refineries, changes in demand, and problems along seaborne supply routes.

The Liquefied Natural Gas Market Share size & share value expected to touch USD 363.15 billion by 2034, to grow at a CAGR of 11.5% during the forecast period.

The GCC natural gas market is projected to grow substantially from 2023 to 2033. According to the research report published by Future Market Insights, the global market is anticipated to cross a valuation of US$ 55,248.7 million in 2023. It is predicted to attain a valuation of US$ 85,799.6 million by 2033. The market is expected to thrive at a CAGR of 4.5% from 2023 to 2033.

GCC Natural Gas Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

Compressed Natural Gas Market size was valued at USD 160.08 Billion in 2023 and is projected to reach USD 667.78 Billion by 2030, growing at a CAGR of 17.2% during the forecast period 2024-2030.

Global Compressed Natural Gas Market Drivers

The market drivers for the Compressed Natural Gas Market can be influenced by various factors. These may include:

Advantages for the environment and lowering emissions: Because it emits less pollutants such carbon dioxide (CO2), nitrogen oxides (NOx), and particle matter than conventional fossil fuels, compressed natural gas (CNG) is seen to be a cleaner fuel option. CNG is becoming more and more popular in transportation due to growing concerns about environmental sustainability.

Governmental Guidelines and Promotions: In an attempt to lower greenhouse gas emissions and air pollution, the government is encouraging the use of alternative fuels, such as compressed natural gas (CNG), through strict laws and incentives.

Economic viability and cost savings: Because CNG is frequently more affordable than conventional fuels, fleet managers and corporations are switching to CNG-powered cars to lower fuel expenses and improve their financial sustainability.

Natural Gas Amounts and Domestic Availability: By utilizing local resources and lowering dependency on imported oil, regions with ample natural gas reserves and an emphasis on energy independence may encourage the usage of CNG.

Expanding Automobile Sector: The need for alternative fuels like CNG is driven by the growth of the transportation industry, which includes buses, trucks, and commercial vehicles. This demand is particularly strong in urban areas with significant vehicle traffic.

Liquefied Natural Gas Market is estimated to be valued at USD 155.41 Bn in 2025 and is expected to expand at CAGR of 9.3%, reaching USD 289.79 Bn by 2032.

The Synthetic Natural Gas Market Share size & share value expected to touch USD 194.53 billion by 2034, to grow at a CAGR of 23.4% during the forecast period.

The size of the USA Oil and Gas Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.00% during the forecast period. The oil and gas market refers to the global industry involved in the exploration, extraction, refining, transportation, and sale of petroleum and natural gas products. This sector plays a crucial role in powering the global economy, providing the primary source of energy for industries, transportation, heating, and electricity generation. The market is divided into three main segments: upstream, midstream, and downstream. Upstream involves exploration and production, where companies search for oil and gas reserves and extract them. Midstream covers the transportation, storage, and wholesale marketing of crude or refined petroleum products, often involving pipelines, shipping, and storage facilities. Downstream includes refining crude oil, processing raw natural gas, and marketing the end products like gasoline, diesel, jet fuel, lubricants, and petrochemicals used in plastics and other materials. Recent developments include: March 2022: The United States' President Joe Biden agreed to a landmark energy supply deal with the European Union. Under this deal, the United States was expected to increase transatlantic gas deliveries. This deal is important to reduce dependence on Russia after the Russia-Ukraine War., January 2022: The Department of Energy announced the release of 13.4 million barrels of oil from the Strategic Petroleum Reserve. The release of the emergency oil reserves aimed to combat rising gasoline prices in the United States and the lack of oil supply worldwide.. Key drivers for this market are: 4., Modernization and Upgrades of Existing Military Aircraft Fleets4.; Increasing Defense Budgets. Potential restraints include: 4., Shift Toward Unmanned Aircraft. Notable trends are: Upstream Sector Expected Witness Significant Growth.

By Sector: The market is segmented by upstream, midstream, and downstream operations. Each sector plays a crucial role in the overall market, with upstream operations covering the exploration and production of oil and natural gas, midstream involving transportation, and downstream focusing on refining and distribution. Upstream, the crude oil sub-segment dominates this segment due to the focus on increasing exploration in existing oil fields and discovering new offshore reserves. Indonesia Oil and Gas Market Segmentation As part of its Gas Infrastructure Master Plan, the Indonesian government is expected to continue its investment in pipeline networks throughout 2024. A substantial budget, exceeding USD 5 billion, has been earmarked for expanding gas transmission lines to improve connectivity between gas-producing regions and urban centers, reducing transportation bottlenecks and ensuring steady gas supply for industrial use.