Gasoline Prices in Russia decreased to 0.83 USD/Liter in November from 0.84 USD/Liter in October of 2025. This dataset provides the latest reported value for - Russia Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The average monthly price for natural gas in the United States amounted to *** nominal U.S. dollars per million British thermal units (Btu) in October 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 2024. 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 2024, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

The global fuel energy price index stood at 157.89 index points in September 2025, up from 100 in the base year 2016. Figures decreased that month due to a fall in natural gas prices. The fuel energy index includes prices for crude oil, natural gas, coal, and propane. Supply constraints across multiple commodities The global natural gas price index surged nearly 11-fold, and the global coal price index rose almost seven-fold from summer 2020 to summer 2022. This notable escalation was largely attributed to the Russia-Ukraine war, exerting increased pressure on the global supply chain. Tariffs bring economic uncertainty With the global economy having adjusted to the effects of the Russia-Ukraine war, new uncertainty has emerged due to tariffs imposed by the Trump administration. If these tariffs are fully implemented, global trade could be significantly disrupted, mainly the bilateral trade between the world’s two largest economies. In 2025, import tariffs between China and the United States exceeded 130 percent on both sides, while their tariffs on imports from the rest of the world were around 10 percent. U.S. tariffs on Chinese imported goods reached a high of 134.7 percent in April of that year, while China imposed a 147.6 percent tariff on U.S. goods. Early estimates indicate that the impact of Trump’s proposed tariffs on the U.S. economy could amount to 0.4 percent of GDP, mainly driven by the reduced trade with Mexico, Canada and China.

Russia Wholesale Price: Natural Gas: Industry data was reported at 3,506.000 RUB/1000 Cub m in 2013. This records an increase from the previous number of 3,049.000 RUB/1000 Cub m for 2012. Russia Wholesale Price: Natural Gas: Industry data is updated yearly, averaging 2,665.000 RUB/1000 Cub m from Dec 2008 (Median) to 2013, with 6 observations. The data reached an all-time high of 3,506.000 RUB/1000 Cub m in 2013 and a record low of 1,690.000 RUB/1000 Cub m in 2008. Russia Wholesale Price: Natural Gas: Industry data remains active status in CEIC and is reported by Federal Tariff Service (FTS of Russia). The data is categorized under Russia Premium Database’s Prices – Table RU.PE001: Wholesale Price: Natural Gas: Annual.

About the Project KAPSARC is analyzing the shifting dynamics of the global gas markets, which 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 gasKey PointsAround 150 mtpa of LNG export capacity will come to global gas markets over 2015-20. While Asia seems unlikely now to be able to absorb it all, Europe emerges as a residual market for flexible volumes. The question is, therefore, which outcome(s) in the global LNG market could set the stage for a battle for market share in the European gas market between LNG suppliers and the incumbent pipeline suppliers, most importantly Russia, and how that country could respond to the potential challenge of large quantities of LNG supplies flooding European gas markets? Russia’s gas export strategy in Europe so far has been based on value maximization rather than on protecting its market share. But if increasing LNG supply to Europe becomes an extended threat to Russia’s market share, it may change its position from reactive to proactive and attempt to defend it. Whether a confrontation between Russian gas and LNG takes place and how Russia could respond depends crucially on the build-up of total LNG trade and the appetite of China for LNG. Russia has the advantage of being a low cost producer with ample spare productive capacity and underutilized pipeline capacity to Europe. A low price environment (up to $40/bbl) would actually benefit Russia more than a higher price environment, from a market share perspective, as it can reduce its prices below the variable costs of U.S. LNG and can push U.S. volumes out of the European market. In a higher price environment, U.S. LNG would continue to flow. The competition between Russian gas and U.S. LNG in Europe is also about pricing models, driven on one hand by oil market fundamentals, with some influence from Europe spot markets, and on the other hand driven by the fundamentals of the U.S. gas market and the LNG trade. The geopolitical aspect is also important. While relations between Russia and Europe have become frosty, cheap and abundant Russian gas could potentially help mend commercial ties. However, the tensions between the U.S. and Russia have been increased by the Ukraine situation, the war in Syria and sanctions. The competition between U.S. LNG and Russian pipeline gas in Europe is about more than the pure commercial aspects and will be influenced by the geopolitical standoff of the two powers.

Natural gas producers are facing turbulent times. Europe has traditionally relied on Russia and Norway as internal sources of natural gas, while countries such as the US, Qatar and Algeria are major sources of imports (although accounting for a much smaller share of overall consumption). Russia’s invasion of Ukraine has shaken up Europe’s natural gas supply structure, with European governments making efforts to reduce their dependence on Russian gas supplies. Revenue is forecast to swell at a compound annual rate of 16.2% to €113.9 billion over the five years through 2025. Revenue expanded in 2021 and 2022 as a sharp hike in natural gas prices and a post-pandemic rise in demand drove an increase in exploration and production activity. Russia’s invasion of Ukraine led to a spike in natural gas prices, with the impacts of reduced demand for gas and a decrease in Russian gas production outweighed by soaring wholesale prices and heightened demand for other natural gas reserves, spurring a jump in revenue. An ongoing reduction in demand for natural gas and easing prices caused revenue to dip in 2023 and 2024. In 2025, revenue is slated to bounce back by 53.3% owing to geopolitical uncertainties, including trade wars and fresh sanctions on Russia, buoying natural gas prices. Revenue is forecast to rise at a compound annual rate of 2.3% over the five years through 2030 to just under €128 billion. The gas market will continue to be shaped by geopolitical tensions into the medium term, with the International Energy Agency expecting natural gas prices to remain high until 2025 as countries continue to shift their supply structure. Following this, natural gas demand and prices are set to fall as Europe continues to expand its renewables capacity.

TTF Gas fell to 27.92 EUR/MWh on December 3, 2025, down 0.17% from the previous day. Over the past month, TTF Gas's price has fallen 14.22%, and is down 40.94% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas - values, historical data, forecasts and news - updated on December of 2025.

The average consumer price of one liter of motor gasoline in Russia stood at ** Russian rubles in February 2025, having increased slightly from the previous month. The monthly price saw a decline in January 2025.

Fuel prices, already high due to a recovering post-pandemic economy, surged even higher after Russia's invasion of Ukraine on February 2022. As of May of that same year, UCOME (used cooking oil methyl ester) average wholesale prices were higher than any other fuel, standing at 2,607 U.S. dollars per metric ton of oil equivalent. This represented an increase of over 124 percent when compared to 2018/2019 average prices. However, the largest price increase was reported for TME (tallow methyl ester). As of May 2022, TME's average wholesale price amounted to 1,112 U.S. dollars per metric ton of oil equivalent, up by more than 133 percent in comparison to 2018/2019.

Russia Purchase Price Index: Fuel & Energy Goods: Natural Gas data was reported at 104.810 Prev Dec=100 in 2018. This records an increase from the previous number of 104.170 Prev Dec=100 for 2017. Russia Purchase Price Index: Fuel & Energy Goods: Natural Gas data is updated yearly, averaging 114.200 Prev Dec=100 from Dec 1994 (Median) to 2018, with 25 observations. The data reached an all-time high of 370.000 Prev Dec=100 in 1995 and a record low of 98.900 Prev Dec=100 in 1997. Russia Purchase Price Index: Fuel & Energy Goods: Natural Gas data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Energy Sector – Table RU.RBL015: Purchase Price Index: Fuel and Energy Goods.

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.

Russia Avg Purchasing Price: OKPD2: Natural Gas data was reported at 5,318.860 RUB/1000 Cub m in Dec 2018. This records an increase from the previous number of 5,233.670 RUB/1000 Cub m for Nov 2018. Russia Avg Purchasing Price: OKPD2: Natural Gas data is updated monthly, averaging 5,113.145 RUB/1000 Cub m from Jan 2017 (Median) to Dec 2018, with 24 observations. The data reached an all-time high of 5,318.860 RUB/1000 Cub m in Dec 2018 and a record low of 4,904.720 RUB/1000 Cub m in Jun 2017. Russia Avg Purchasing Price: OKPD2: Natural Gas data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.RBL011: Average Purchasing Price: Energy.

Russia Consumer Price Index (CPI): Weights: Services: HU: Utilities Services: Natural Gas Supply data was reported at 0.800 % in 2019. This records an increase from the previous number of 0.780 % for 2018. Russia Consumer Price Index (CPI): Weights: Services: HU: Utilities Services: Natural Gas Supply data is updated yearly, averaging 0.770 % from Dec 2012 (Median) to 2019, with 8 observations. The data reached an all-time high of 0.822 % in 2014 and a record low of 0.707 % in 2012. Russia Consumer Price Index (CPI): Weights: Services: HU: Utilities Services: Natural Gas Supply data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Inflation – Table RU.IA027: Consumer Price Index: Weights.

The Russian Federation Natural Oil and Gas Upstream Market exhibits robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 2.50% from 2025 to 2033. While the exact market size in 2025 is not provided, considering global oil and gas market trends and Russia's significant role as a producer, a reasonable estimate would place the market value at approximately $250 billion USD. This substantial market size is driven by several key factors. Firstly, Russia possesses vast proven reserves of both oil and natural gas, providing a strong foundation for continued production. Secondly, increasing global energy demand, particularly from Asia, fuels consistent growth in exports. Finally, ongoing investments in exploration and extraction technologies contribute to enhanced efficiency and output. However, the market faces constraints. Geopolitical instability and international sanctions exert significant pressure, impacting investment and export capabilities. Fluctuations in global oil and gas prices also create considerable uncertainty. Furthermore, the increasing focus on renewable energy sources presents a long-term challenge to the market's growth trajectory. The market is segmented by various factors including types of oil and gas produced and geographic regions, with key players including Surgutneftegas PJSC, CJSC Northgas, Rosneft Oil Company PJSC, Novatek PAO, PJSC Lukoil Oil Company, Royal Dutch Shell Plc, PJSC TATNEFT, PJSC Gazprom, and Total S.A. These companies strategically navigate the complexities of the market through diversification and technological advancements. The forecast period of 2025-2033 anticipates sustained growth, albeit with moderate fluctuations reflecting global economic conditions and geopolitical realities. The CAGR of 2.50% suggests a gradual increase in market value, reaching an estimated $350 billion USD by 2033. This positive outlook hinges on the continued strategic importance of Russian oil and gas resources in the global energy mix, balanced against the potential for disruptive factors such as intensified sanctions, climate change policies and accelerated adoption of renewable energy alternatives. Effective management of these challenges will be critical for sustained growth within the Russian Federation's oil and gas upstream sector. 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: Onshore Segment Expected to Dominate the Market.

Russia Wholesale Price: Natural Gas: Population data was reported at 2,793.000 RUB/1000 Cub m in 2013. This records an increase from the previous number of 2,429.000 RUB/1000 Cub m for 2012. Russia Wholesale Price: Natural Gas: Population data is updated yearly, averaging 2,053.500 RUB/1000 Cub m from Dec 2008 (Median) to 2013, with 6 observations. The data reached an all-time high of 2,793.000 RUB/1000 Cub m in 2013 and a record low of 1,291.000 RUB/1000 Cub m in 2008. Russia Wholesale Price: Natural Gas: Population data remains active status in CEIC and is reported by Federal Tariff Service (FTS of Russia). The data is categorized under Russia Premium Database’s Prices – Table RU.PE001: Wholesale Price: Natural Gas: Annual.

Europe’s petroleum and natural gas extraction support services’ revenue is forecast to hike at a compound annual rate of 5.4% over the five years through 2025 to €52.5 billion, including a 10.4% hike in 2025. Widespread disruption caused by the COVID-19 pandemic weighed heavily on extraction and exploration activity in downstream oil and gas markets as poor demand conditions caused prices to plummet, disincentivising new investment and causing support service contractors to offer price concessions to customers, compounding the industry’s weak revenue performance and weighing on profitability. Demand then soared in 2022 as Russia’s invasion of Ukraine led to significant price increases in both oil and gas due to supply uncertainties. This also led to Norway becoming Europe’s largest natural gas supplier in 2022, supporting revenue opportunities for Norwegian contractors. Norway has also increased the level of investment into new oil and gas fields to alleviate uncertainties regarding supply following trade restrictions placed on Russian oil and gas. This is propping up demand for support services despite falling oil and gas extraction in Europe since 2023. Over the five years through 2030, revenue is forecast to climb at a compound annual rate of 7.6% to €102.7 billion. New investments into oil and gas fields will provide contractors with new revenue opportunities, supporting revenue growth and expanding profitability. However, ongoing efforts across Europe to meet environmental and emissions targets, like net zero by 2050, will continue to threaten demand for oil and gas, somewhat limiting revenue growth.

The global natural gas price index stood at 174.31 index points in September 2025. Natural gas prices decreased that month as cooling demand fell due to colder weather than expected. 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 as 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.

Russia produced ***** billion cubic meters of natural gas in 2024, having increased the volume by *** percent compared to the previous year. It ranked as the second-largest producer of this fossil fuel worldwide. How has COVID-19 affected the Russian natural gas production? The global coronavirus (COVID-19) pandemic led to a decline in the U.S. natural gas prices and a higher demand for liquified natural gas (LNG), which meant increased competition for Russian energy producers. Furthermore, European countries were forecast to see a decrease in natural gas demand due to the lockdown. Russia's major company in the industry, Gazprom decreased its export volume to non-CIS countries in Europe to *** billion cubic meters in 2020. How much natural gas does Russia export? Russia exported around *** billion cubic meters of natural gas via pipelines in 2023. The export volume of liquefied natural gas (LNG) in the country reached **** billion cubic meters in the same year. The major export destination of the Russian natural gas was China, which was followed by Turkey and Germany.

In 2023, the amount of gas supply or production meters imported into Russia surged to 767K units, with an increase of 32% compared with 2022.

Russia Wholesale Price: Liquefied Petroleum Gas for Households data was reported at 8,746.000 RUB/Ton in 2012. This records an increase from the previous number of 7,605.000 RUB/Ton for 2011. Russia Wholesale Price: Liquefied Petroleum Gas for Households data is updated yearly, averaging 6,613.000 RUB/Ton from Dec 2008 (Median) to 2012, with 5 observations. The data reached an all-time high of 8,746.000 RUB/Ton in 2012 and a record low of 4,500.000 RUB/Ton in 2008. Russia Wholesale Price: Liquefied Petroleum Gas for Households data remains active status in CEIC and is reported by Federal Tariff Service (FTS of Russia). The data is categorized under Russia Premium Database’s Prices – Table RU.PE001: Wholesale Price: Natural Gas: Annual.