Winter natural gas prices in the United States are forecast to see a notable increase in 2022/23. U.S. consumers are expected to pay an average of 15.95 U.S. dollars per thousand cubic feet of natural gas. This would mean an increase of over two U.S. dollars and comes in the wake of many countries and regions currently embattled in an energy supply shortage.

Natural gas prices are the highest in the residential sector. In 2023, U.S. households paid an all time high average of 15.2 U.S. dollars per 1,000 cubic feet. Commercial natural gas costs were second-highest, while prices in the electric power sector were the lowest, at around four U.S. dollars on average. Prices for the industrial and electric power customers tend to be close to the wholesale electricity price. All sectors saw a year-on-year increase in natural gas prices in 2022 due to the decline in U.S. natural gas production in the first quarter of 2022, which resulted in high withdrawals of natural gas from storage and an increase in average natural gas prices. The growing natural gas market In recent years, the average natural gas prices for all sectors have been increasing in the United States. In 2022, the residential sector witnessed an increase in natural gas prices higher than 2008, while natural gas prices for other sectors were still lower despite increases in average natural gas prices for those sectors. Meanwhile, consumption of natural gas has increased more than any other fuel type following the 2008 Recession. Petroleum consumption has been more variable, and use of coal has significantly decreased. The price of coal and crude oil had already been increasing since the early 2000s, and was further exacerbated by the financial crisis. Around the same time, the cost of natural gas dropped significantly, making it a more viable economic alternative compared to other fossil fuels. This decrease was in part the result of drastically increased production of shale gas as a result of hydraulic fracturing and other techniques.

The state with the highest price of natural gas for industry in 2023 was Hawaii, standing at 28.4 U.S. dollars per thousand cubic feet, a decrease when compared to the previous year. During the same year, Texas had the lowest industrial natural gas price in the country, at 2.7 U.S. dollars per thousand cubic feet. Meanwhile, the average natural gas price for industry in the U.S. stood at 7.9 U.S. dollars per thousand cubic feet in 2022.

Household prices for natural gas in the United States reached 15.2 nominal U.S. dollars per thousand cubic feet in 2023, representing the highest price during the period in consideration. This was due to the the extreme winter weather events and freeze-offs in the United States which resulted in a decline in natural gas production.

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.

In 2023, the industrial natural gas price in the United States was 4.59 U.S. dollars per thousand cubic feet. This was a decrease compared to the previous year. In 2008, the U.S. price of natural gas for industry peaked at 9.65 U.S. dollars per thousand cubic feet as a result of the Great Recession. Despite the increase in natural gas prices for the industry sector in recent years, natural gas prices for other sectors were much higher.

United States EIA Forecast: Natural Gas Price: Henry Hub Spot (Th Cubic Ft) data was reported at 3.366 USD/1000 Cub ft in Dec 2019. This records an increase from the previous number of 3.210 USD/1000 Cub ft for Nov 2019. United States EIA Forecast: Natural Gas Price: Henry Hub Spot (Th Cubic Ft) data is updated monthly, averaging 3.097 USD/1000 Cub ft from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 3.715 USD/1000 Cub ft in Jan 2017 and a record low of 1.819 USD/1000 Cub ft in Apr 2016. United States EIA Forecast: Natural Gas Price: Henry Hub Spot (Th Cubic Ft) data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P003: Energy Price: Forecast: Energy Information Administration.

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.

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 US 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">> 5.00% during the forecast period. The natural gas market in the United States is a crucial component of the nation's energy landscape, involving the production, transportation, and utilization of natural gas, which is essential for electricity generation, heating, and various industrial applications. This market is notably influenced by the significant development of domestic shale gas resources, particularly from regions such as the Marcellus and Permian basins, which have greatly increased production levels in the U.S. As a result, the country has emerged as one of the foremost producers and exporters of natural gas globally. The market is supported by a comprehensive infrastructure, featuring an extensive network of pipelines, storage facilities, and liquefied natural gas (LNG) export terminals that enable effective distribution and international trade. The growth of natural gas usage has been propelled by its comparatively lower carbon emissions relative to coal and oil, aligning with environmental standards and sustainability objectives. Nevertheless, the market encounters challenges, including price fluctuations, changes in regulations, and environmental issues associated with hydraulic fracturing and methane emissions. In spite of these obstacles, the U.S. natural gas market continues to thrive, with ongoing investments in infrastructure and technology focused on improving efficiency and minimizing environmental effects. Ultimately, this market is vital to the nation's energy framework, enhancing energy security and fostering economic development. Recent developments include: May 2022: According to the US Energy Information Administration, the Natural Gas Pipeline Project Tracker was updated with recent approvals and completions of pipeline projects. As of the end of the first quarter of 2022, the Federal Energy Regulatory Commission (FERC) approved three projects to increase the export of US natural gas by pipeline and LNG. FERC approved two projects connecting LNG terminals in Louisiana. The Evangeline Pass Expansion Project, owned by Tennessee Gas Pipeline Company, is 1.1 billion cubic feet in size. It is intended that the proposed Plaquemines LNG Project in Plaquemines Parish, Louisiana, be supplied with natural gas by constructing 13.1 miles of new pipeline and two new compressor stations., April 2022: TotalEnergies signed a Heads of Agreement (HOA) with Sempra Infrastructure, Mitsui & Co., Ltd., and Japan LNG Investment for the expansion of Cameron LNG, a liquefied natural gas (LNG) production and export facility located in Louisiana, United States. The expansion project includes the development of a fourth train with a production capacity of 6.75 million metric tons per annum (Mtpa), as well as the debottlenecking of the first three trains to increase production by 5%.. Key drivers for this market are: Increasing Global Demand for Refined Petroleum Products4., Economic Growth and Industrialization. Potential restraints include: Environmental Concerns and Regulations. Notable trends are: Power Generation Segment to Dominate the Market.

Emissions from 377 gas actuated (pneumatic) controllers were measured at natural gas production sites and a small number of oil production sites, throughout the United States. A small subset of the devices (19%), with whole gas emission rates in excess of 6 standard cubic feet per hour (scf/h), accounted for 95% of emissions. More than half of the controllers recorded emissions of 0.001 scf/h or less during 15 min of measurement. Pneumatic controllers in level control applications on separators and in compressor applications had higher emission rates than controllers in other types of applications. Regional differences in emissions were observed, with the lowest emissions measured in the Rocky Mountains and the highest emissions in the Gulf Coast. Average methane emissions per controller reported in this work are 17% higher than the average emissions per controller in the 2012 EPA greenhouse gas national emission inventory (2012 GHG NEI, released in 2014); the average of 2.7 controllers per well observed in this work is higher than the 1.0 controllers per well reported in the 2012 GHG NEI.

Residential natural gas prices in the United States amounted to 4.52 U.S. dollars per thousand cubic feet in 2021, up from 4.17 dollars per thousand cubic feet in the year prior. In 2019, figures reached the lowest price since the turn of the century, with a peak of 5.69 U.S. dollars recorded in 1985.

The global gas dryer market size reached USD 8.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 11.3 Billion by 2033, exhibiting a growth rate (CAGR) of 3.32% during 2025-2033. The increasing product use in residential areas, the launch of advanced product variants, and the rising awareness about energy labels represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the global gas dryer market, along with forecasts at the global, regional, and country level from 2025-2033. Our report has categorized the market based on product type, capacity, price range, distribution channel, and end use.

In November 2024, the monthly average LNG export price stood at 6.7 U.S. dollars per 1,000 cubic feet. This was a decrease compared to the previous month and lower than prices a year prior. In June 2022, a fire at the Freeport LNG export terminal impacted export capacities, pushing up prices in the months following. Natural gas prices and those for LNG specifically increased in the spring of 2022 following the Russia-Ukraine war as many European countries looked for suppliers outside Russia. The annual LNG export price from the United States stood at 7.57 U.S. dollars per 1,000 cubic feet in 2023.

The Oman Oil and Gas market size was valued at USD 4.36 million in 2025 and is expected to grow at a CAGR of 2.40% during the forecast period 2025-2033. Oman is the largest producer of oil and gas in the Middle East outside the Gulf Cooperation Council (GCC), with significant reserves of both commodities. The country's oil production has been steadily increasing in recent years, reaching a record high of 1.02 million barrels per day in 2022. Oman's natural gas production has also been growing, with the country currently producing around 10 billion cubic meters of gas per year. Key drivers of growth in the Oman Oil and Gas market include rising energy demand, increasing investment in exploration and production, and the development of new oil and gas fields. The government of Oman is also taking steps to diversify the country's economy away from oil and gas, which should create new opportunities for growth in the sector. Restraints on the growth of the Oman Oil and Gas market include the volatility of oil prices, the impact of climate change, and the emergence of renewable energy sources. Recent developments include: April 2023: Masirah Oil, a subsidiary of Singapore-headquartered independent Rex International, announced to explore its flagship asset offshore Oman, with its sights set on a production boost from the block 50 purchases. In addition, a block-wide review of exploration potential would be performed. Based on the results of an exploration review at Block 50, planning for acquiring additional targeted seismic would be implemented., March 2023: The Omani Ministry of Energy & Minerals offered domestic and international investors three oil and gas exploration areas as part of its latest licensing round. The tracts offered blocks 15, 36, and 54, where multiple companies have conducted seismic and drilling activities., January 2023: Shell Integrated Gas Oman BV, a subsidiary of Shell PLC, announced the beginning of gas production from the Mabrouk North Eastfield in Block 10 in Oman. Production from Block 10 is expected to touch 0.5 billion standard cubic feet of gas per day (bscf/d) by mid-2024, with the produced gas supplied to Oman's gas network that feeds local industries.. Key drivers for this market are: 4., Increasing Gas Production and Infrastructure4.; Increasing Exploration and Production Activities. Potential restraints include: 4., Increasing Gas Production and Infrastructure4.; Increasing Exploration and Production Activities. Notable trends are: Upstream Sector to Dominate the Market.

As a result of crude oil price crash followed by the economic crisis sparked by Covid-19, crude oil demand has plummeted due to restricted mobility as lockdown measures were implemented. Operators were swift to readjust their capital and production guidance for the year of 2020. From a list of 17 operators, the total capital expenditure cut sums up to approximately US$ 38 billion, with Exxon leading the cut with US$ 10 billion followed by Chevron with US$ 6 billion. However, Occidental Petroleum has the biggest percentage cut of 55%. The withdrawal of investments in development plan in US Lower 48 states has led to a decline in production in 2020. The oil production cuts intensified during Q2 2020 with Permian Basin experienced the biggest decline in crude oil, summing up to approximate 1 million barrels a day (mmbd). As for the natural gas decline, Permian and Eagle Ford contribute to approximately 3.5 billion cubic feet per day (bcfd) and 1 bcfd as a result of oil well production curtailment. Read More

The size of the UAE 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 8.40% during the forecast period. The United Arab Emirates' oil and gas market forms the backbone of that country's economy, as it contributes so largely to its wealth and energy influence in the world. With being a leader in oil production in the world, United Arab Emirates, the lead emirate in the state of Abu Dhabi, holds considerable hydrocarbon reserves-in the form of crude oil and natural gas. Then, this strategic initiative focuses on maximizing the efficiency in production while ensuring environmental sustainability with the reflection of a country's commitment towards balancing economic growth with ecological responsibility. The UAE has invested much in technological advances, like improved oil recovery and the digitalization of operations in the light of enhanced extraction and refining processes. Innovation is critically needed today because the market is under pressure due to oscillation in the prices of oil and competition from renewable energy. The diversification of the energy portfolio of the UAE has also been particularly aggressive, and initiatives are there to mix up renewable energy resources such as solar and nuclear with traditional hydrocarbon resources. Investments in infrastructure and international partnerships will solidify the UAE's position as the energy hub for the world. In response to dynamic development, carbon capture and storage technologies will eventually be implemented in a way that minimizes oil and gas production's impact on the environment. Therefore, the UAE oil and gas market is strong, adapting to challenges as well as opportunities within a changing global energy landscape. Recent developments include: June 2023: National Petroleum Construction Company PJSC (NPCC), wholly owned by National Marine Dredging Company PJSC, UAE, announced that it had awarded a new contract from Abu Dhabi National Oil Company (ADNOC), UAE. The worth of the contract is USD 162.3 million. The project is related to the Engineering, Procurement, and Construction works for installing seven jackers for ADNOC., February 2022: Abu Dhabi's oil and gas company, ADNOC, announced the discovery of between 1.5 to 2 trillion standard cubic feet of gas in an offshore area in the northwest. The discovery comes as Gulf Arab states continue to count greatly on profits from oil and gas exports., January 2022: Abu Dhabi National Oil Company (ADNOC) awarded a USD 946 million EPC contract for the long-term strategic development of its Umm Shaif field. The EPC contract was awarded by ADNOC Offshore to National Petroleum Construction Company after a competitive tender process.. Key drivers for this market are: 4., Increasing Investment in the Upstream Sector4.; Supportive Government Policies. Potential restraints include: 4., Increasing Demand to Diversify the Power Generation Mix by Introducing Renewable Energy Sources. Notable trends are: The Upstream Sector to Dominate the Market.

This statistic gives a forecast of natural gas end use prices between 2015 and 2025 in the United States, by scenario. The average residential price of U.S. natural gas will be 11.19 U.S. dollars per million cubic feet over this period, according to the reference scenario. The reference scenario is a a business-as-usual trend estimate, given known technology and technological and demographic trends.

According to Cognitive Market Research, the global N Methyldiethanolamine - MDEA market size is USD 781.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America holds the major market of more than 40% of the global revenue with a market size of USD 312.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounts for a share of over 30% of the global market size of USD 234.36 million.
Asia Pacific holds the market of around 23% of the global revenue with a market size of USD 179.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America holds the market of more than 5% of the global revenue with a market size of USD 39.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa holds the major market of around 2% of the global revenue with a market size of USD 15.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The oil industry holds the highest N Methyldiethanolamine - MDEA market revenue share in 2024.

Market Dynamics of N Methyldiethanolamine - MDEA Market

Key Drivers for N Methyldiethanolamine - MDEA Market

Increasing Demand for Natural Gas to Propel the Market Revenue Growth

The increasing demand for natural gas is estimated to propel the industry revenue growth over the forecast period. MDEA is widely used in natural gas processing plants for removing acidic gases like hydrogen sulfide (H2S) and carbon dioxide (CO2) from natural gas streams. With the growing global demand for natural gas as a cleaner alternative to other fossil fuels, the demand for MDEA in the gas treatment process is expected to rise. For instance, according to the U.S. Energy Information Administration, India's domestic natural gas output is expected to expand by 3.7% year on average, from 3.3 billion cubic feet per day in 2022 to 9.1 billion cubic feet per day in 2050.

(Source: https://www.eia.gov/todayinenergy/detail.php?id=61423#:~:text=We%20expect%20India's%20net%20natural,a%204.9%25%20average%20annual%20increase.&text=Note%3A%20LNG%3Dliquefied%20natural%20gas,to%20its%20natural%20gas%20imports)

Rising Demand in Textile, Paints and Medical Sector to Propel Market Growth

The explosive rise of major economies worldwide has led to the expansion of industries including textiles, paints, and medicine. Textiles, paints, and medical supplies are in greater demand due to population growth and rising living standards. MDEA is a good substitute for TEA esterquats and is frequently used as an active ingredient in fabric softeners. MDEA can be used in the paint industry to cationically modify acrylic polymer dispersions. MDEA is used to create silicone-based textile finishing agents, together with perfluoroalkyl polymers. Subsequently, MDEA is used in the medical field as a precursor for some active ingredients.

Restraint Factor for the N Methyldiethanolamine - MDEA Market

Fluctuation in Oil & Gas Prices to Limit the Sales

The oil and gas sector, which uses MDEA for gas sweetening, is a major source of demand for the substance. Demand for MDEA may decline when oil and gas companies scale back operations and investments when market conditions are poor. For instance, the COVID-19 pandemic caused oil prices to drop significantly, which affected the market for MDEA. During the projected period, this component could impede the growth of the global market for N-Methyl Diethanolamine (MDEA).

Impact of Covid-19 on the N Methyldiethanolamine - MDEA Market

The COVID-19 pandemic has had a significant impact on various industries, including the chemicals sector, which includes the market for N-Methyldiethanolamine (MDEA). The pandemic disrupted global supply chains, causing delays in the transportation of raw materials and finished products. This could have affected the availability of MDEA and other chemicals, leading to potential supply shortages or delays in project timelines for gas processing plants and other industrial facilities. Additionally, the pandemic led to changes in energy consumption patterns, with a decrease in demand for certain fuels like gasoline and jet fuel due to travel restrictions and reduced economic activity. While natural gas remained relatively resilient...

The dataset is a collection of reservoir and production data for the Wolfcamp Shale Formation in the Delaware Basin, a key sub-basin of the Permian Basin, covering the year 2016 on a daily basis. The Wolfcamp Shale is an unconventional hydrocarbon reservoir, consisting of organic-rich mudstone interbedded with carbonates and siltstone, making it a prime target for hydraulic fracturing. The formation is known for its ultralow permeability (0.01 - 0.1 µD), requiring extensive stimulation techniques to enhance oil and gas recovery. The reservoir is located at depths ranging from 8,000 to 10,000 feet, with high pressure (4,500 - 7,500 psi) and elevated temperatures (220 - 250°F). It contains significant hydrocarbons in place, with an estimated 50 billion barrels of original oil in place (OIP) and 450 trillion cubic feet (TCF) of gas in place (GIP). The dataset includes key petrophysical and geomechanical properties, such as porosity (6-12%), total organic carbon (TOC: 3-6%), clay content (20-40%), brittleness index, fracture toughness, and stress distribution, all of which influence fracture propagation and hydrocarbon production. The presence of natural fractures varies across the formation, localized in more brittle zones, while faulting is common, with normal and strike-slip faults impacting stress distribution. The dataset also captures production metrics, including oil production rates (500-5,000 bbl/day), gas production rates (1,000-15,000 MCF/day), water production, water cut (10-80%), and gas-oil ratio (GOR: 800-3,000 SCF/STB), providing insights into well performance and fluid movement. Additionally, injection data from hydraulic fracturing operations, such as injection rates (500-3,000 bbl/day) and fracture conductivity (10-200 mD-ft), are included to assess stimulation effectiveness. The geomechanical stress regime is predominantly normal to strike-slip, and hydraulic fracturing is essential due to the tight nature of the rock.