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.

The global natural gas price index stood at 182.56 index points in May 2025. Natural gas prices decreased that month as heating fuel demand continued to fall. 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.

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

Graph and download economic data for Global price of Natural Gas, US Henry Hub Gas (PNGASUSUSDM) from Jan 1991 to May 2025 about henry hub, gas, World, and price.

Graph and download economic data for Global price of Natural Gas, US Henry Hub Gas (PNGASUSUSDQ) from Q1 1991 to Q1 2025 about henry hub, gas, World, and price.

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.

Natural Gas: Average Commercial Price: Oregon data was reported at 10.770 USD/1000 Cub ft in Feb 2025. This records a decrease from the previous number of 11.220 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Oregon data is updated monthly, averaging 8.640 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 14.100 USD/1000 Cub ft in Jul 2023 and a record low of 4.390 USD/1000 Cub ft in Nov 1998. Natural Gas: Average Commercial Price: Oregon data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.

TTF Gas rose to 35.70 EUR/MWh on July 14, 2025, up 0.39% from the previous day. Over the past month, TTF Gas's price has fallen 5.77%, but it is still 12.68% higher than a year ago, 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 July of 2025.

Get the latest insights on price movement and trend analysis of Natural Gas in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Natural Gas: Average Commercial Price: Vermont data was reported at 8.630 USD/1000 Cub ft in Feb 2025. This records an increase from the previous number of 8.220 USD/1000 Cub ft for Jan 2025. Natural Gas: Average Commercial Price: Vermont data is updated monthly, averaging 6.905 USD/1000 Cub ft from Jan 1989 (Median) to Feb 2025, with 434 observations. The data reached an all-time high of 16.140 USD/1000 Cub ft in Sep 2008 and a record low of 2.860 USD/1000 Cub ft in Aug 1994. Natural Gas: Average Commercial Price: Vermont data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.

This dataset contains information about world' solar natural gas prices from 1984. Data from BP. Follow datasource.kapsarc.org for timely data to advance energy economics research.Notes:* Source: 1984-1990 German Federal Statistical Office 1991-2016 German Federal Office of Economics and Export Control (BAFA).

† Source: ICIS Heren Energy Ltd

‡ Source: Energy Intelligence Group, Natural Gas Week.

Btu = British thermal units; cif = cost+insurance+freight (average prices)

UK Gas rose to 85.31 GBp/thm on July 11, 2025, up 1.32% from the previous day. Over the past month, UK Gas's price has fallen 0.15%, but it is still 17.29% higher than a year ago, 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 July 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.

In the fourth quarter of 2023, the price of liquefied natural gas in India reached 589 USD/MT by December. Similarly, in Germany, the liquefied natural gas prices hit 654 USD/MT during the same month in 2023.

Graph and download economic data for Global price of LNG, Asia (PNGASJPUSDM) from Jan 1992 to May 2025 about Asia, World, and price.

Natural gas prices (Japan) in , June, 2025 For that commodity indicator, we provide data from January 1977 to June 2025. The average value during that period was 7.25 USD per million British thermal units with a minimum of 2.72 USD per million British thermal units in December 1998 and a maximum of 23.73 USD per million British thermal units in September 2022. | TheGlobalEconomy.com

Natural gas prices (US) in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 2.41 USD per million British thermal units with a minimum of 0.14 USD per million British thermal units in January 1960 and a maximum of 13.52 USD per million British thermal units in October 2005. | 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.

Learn about WTI natural gas prices and how they are influenced by factors such as supply and demand, weather conditions, geopolitical events, and economic indicators. Discover why understanding these factors is crucial for traders and investors in the natural gas market.

Global liquefied natural gas prices have shown less volatility in 2024 and 2025 than the years prior, with the benchmark price reaching 11.57 U.S. dollars per million metric British thermal units in April 2025. This figure represents an increase from the same period a year earlier. The global LNG benchmark, which is largely influenced by Asian market trading, particularly Indonesian LNG in Japan, serves as a key indicator for the industry's pricing trends. Natural gas prices become less volatile The Asian LNG market experienced less turbulence in 2023 compared to the previous year, with price volatility dropping to 75 percent. This relative stability followed an exceptionally volatile 2022, when LNG demand surged due to sanctions on Russian imports. The global natural gas price index, which encompasses European, Japanese, and American markets, stood at 213.3 index points in March 2025, showing a decrease of nearly 20 points that month. This upward trend in natural gas prices contrasts with the comparatively lower crude oil price indices and follows greater heating demand in the winter months. Landed prices vis-à-vis export prices Due to its geographical location, Japan is exclusively reliant on LNG trading for its natural gas supply. As such, Japan's landed LNG spot price is often higher than for other markets, reaching approximately 10.05 U.S. dollars per million British thermal units in January 2024. By comparison, the world's largest LNG exporter, the United States, has seen its LNG export prices decrease to 7.57 U.S. dollars per thousand cubic feet in 2023, down from 12.24 U.S. dollars the previous year.