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 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.

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 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.

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.

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.

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)

Global Natural Gas market size is expected to reach $1670.84 billion by 2029 at 7.3%, segmented as by type, transport, industrial, electric power, and other types

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.

The India Natural Gas Market Report is Segment by Type (Compressed Natural Gas, Piped Natural Gas, and Liquefied Natural Gas ), Source (Domestic Production – Onshore, Domestic Production – Offshore, and LNG Imports), and End-Use Sector (Fertilizer Production, City Gas Distribution, Transportation, Petrochemical Feedstock, and Others). The Market Sizes and Forecasts are Provided in Terms of Volume (MMSCM).

On July 4, 2025, the Henry Hub natural gas spot price amounted to 3.19 U.S. dollars per million British thermal units. In January 2025, a cold front was feared to impact refiners, leading to a spike in prices. The European gas benchmark Dutch TTF also rose amid colder weather. What is Henry Hub? The Henry Hub price is seen as the most important benchmark for the U.S. natural gas market. As of 1990, it has been used for pricing of natural gas traded on the New York Mercantile Exchange and later the Intercontinental Exchange. The hub in question is a distribution pipeline system in Louisiana and began operating in the 1950s. The highest Henry Hub annual average prices were recorded in 2005 and 2008, when they climbed to over eight U.S. dollars per million British thermal units. Weekly average prices also reached nearly 10 U.S. dollars in 2022 as a result of global supply constraints. Natural gas export prices In recent years, the U.S. has been incentivized to build up its liquefaction and LNG export capacities as it widens the potential customer pool. With sanctions on Russian energy imports, many European countries looked to the U.S. for procuring natural gas from 2022 onward. In line with Henry Hub pricing development, the monthly LNG export price also showed volatility depending on market and geopolitical events.

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.

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Natural Gas Liquids (NGLs) Market Size 2025-2029

The natural gas liquids (NGLs) market size is forecast to increase by USD 21.5 billion, at a CAGR of 6.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the expanding petrochemical industry and increasing demand for renewable energy. The petrochemical sector's growth is fueled by the rising production of plastics and other chemicals, which require NGLs as feedstocks. Moreover, the shift towards cleaner energy sources is creating new opportunities for NGLs as they are often used as feedstocks in the production of biofuels and other renewable energy applications. However, the market faces challenges as well. Growing environmental concerns are pushing for stricter regulations on the production and use of NGLs due to their carbon footprint. Additionally, the volatility of crude oil prices and the availability of alternative feedstocks can impact the profitability of NGLs.
Companies operating in the NGLs market must navigate these challenges by investing in sustainable production methods, exploring alternative feedstocks, and building strategic partnerships to stay competitive. By capitalizing on the growth opportunities and addressing these challenges effectively, players in the NGLs market can secure a strong market position and drive long-term success.

What will be the Size of the Natural Gas Liquids (NGLs) Market during the forecast period?

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The natural gas liquids (NGL) market is a dynamic and evolving sector, characterized by continuous shifts in supply and demand patterns and applications across various industries. NGLs, including propane, butane, and pentane, are derived from the natural gas value chain through a process called natural gas processing. These liquids find extensive use in various sectors, such as diesel production, hydrogen generation, and synthetic rubber manufacturing. Environmental regulations continue to shape the NGL market, with a focus on reducing greenhouse gas emissions and promoting carbon capture and energy efficiency. Cryogenic separation is a critical process in NGL production, enabling the separation of NGLs from natural gas through low-temperature distillation.

Fuel blending is another significant application of NGLs, with propane and butane used as fuel additives in gasoline and diesel to enhance combustion efficiency and reduce emissions. The ongoing transition towards renewable resources and sustainable development has led to the emergence of bio-based NGLs derived from renewable feedstocks. The NGL market is subject to market volatility due to price fluctuations and supply and demand imbalances. LNG terminals and LNG carriers play a crucial role in facilitating global trade, enabling the transportation of NGLs to markets where demand is high. The circular economy concept is gaining traction in the NGL industry, with a focus on maximizing the value of by-products and minimizing waste.

Fischer-tropsch synthesis is an emerging technology in the NGL market, enabling the conversion of natural gas into liquid hydrocarbons, including jet fuel and diesel. The potential for CO2 sequestration and emissions reduction through the utilization of NGLs in industrial processes and power generation is a significant area of research and development. Overall, the NGL market is a dynamic and evolving sector, with ongoing innovations and regulatory developments shaping its future.

How is this Natural Gas Liquids (NGLs) Industry segmented?

The natural gas liquids (NGLs) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Industrial
  Residential
  Commercial


Product

  Propane
  Butane
  Pentane
  Ethane


Geography

  North America

    US
    Canada


  Europe

    Norway
    Russia


  Middle East and Africa

    Iran
    Qatar
    UAE


  APAC

    Australia
    China


  Rest of World (ROW)

.

By Application Insights

The industrial segment is estimated to witness significant growth during the forecast period.

NGLs, such as ethane and propane, are vital components in the petrochemical industry, serving as essential feedstocks for the production of chemicals and plastics like ethylene, propylene, butadiene, and synthetic rubber. These building blocks are integral to various products, including plastics, synthetic rubber, detergents, and solvents. Propane and butane are also widely used as heating fuels for residential and industrial applications and as fuel for vehicles in areas with limited natural gas access or as LPG for cooking and heating. In refining o

The Global Natural Gas Storage Market Report is segmented by Type (Underground Storage and Above-Ground Storage) and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)

Countries in Europe have some of the highest natural gas prices for the industry in the world. In the second quarter of 2024, industrial customers in Switzerland paid approximately 0.16 U.S. dollars per megawatt hour worth of natural gas. This was considerably higher than the price of gas in natural gas producing countries such as Russia and Algeria. Determining natural gas prices Like other commodities, natural gas prices are driven by supply and demand trends. In some instances, they may also reflect developments within the oil market, as both commodities are often produced together. Natural gas prices are volatile. Seeing as the consumption of natural gas is often without alternative (e.g. within power plants), short-term changes to supply and demand have huge repercussions for the market. Weather is also a common determinant of natural gas prices. Unprecedented heat waves in the U.S. have driven up electricity demand for air conditioning and affected weekly Henry Hub natural gas prices in the hotter summer months. Natural gas demand Primary energy demand generated by natural gas worldwide is highest in North America. Nevertheless, forecasts suggest that the Asia Pacific region will experience a doubling in such demand by 2050 and overtake consumers in North America. The United States is still leading a ranking of world natural gas consumption by country. However, China has increased its LNG and gas pipeline investment portfolio, which could see it becoming an even greater consumer in the future.

Snapshot img { margin: 10px !important; } The global natural gas market has the potential to grow by USD 137.51 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by resource type (conventional and unconventional) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp., ConocoPhillips Co., Exxon Mobil Corp., PetroChina Co. Ltd., PJSC Gazprom, Royal Dutch Shell Plc, Saudi Arabian Oil Co., Suncor Energy Inc., and TOTAL SA.

Market Overview

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Market Competitive Analysis

The natural gas market is currently highly fragmented, and the degree of fragmentation will remain the same during the forecast period. Vendors are focusing on unconventional exploration and production activities to increase revenue generation. BP Plc, Chevron Corp., ConocoPhillips Co., and Exxon Mobil Corp. are some of the major market participants. Although the investments in upstream projects will offer immense growth opportunities, the environmental concerns related to drilling will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this natural gas market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this natural gas market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading natural gas companies, including:

BP Plc
Chevron Corp.
ConocoPhillips Co.
Exxon Mobil Corp.
PetroChina Co. Ltd.
PJSC Gazprom
Royal Dutch Shell Plc
Saudi Arabian Oil Co.
Suncor Energy Inc.
TOTAL SA

Natural Gas Market: Segmentation by Region

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North America was the largest market for natural gas in 2019, and the region will continue to offer maximum growth opportunities to vendors. The natural gas production output in North America has increased significantly in recent years owing to unconventional exploration and production activities, such as drilling, in shale reserves in the region.

Over 36% of the market’s growth will originate from North America during the forecast period. The growing number of onshore and offshore natural gas projects and rising investments and initiatives undertaken by various governments will contribute to the natural gas market size growth in the region. The US and Canada are the key markets for natural gas in North America. Market growth in this region will be faster than the growth of the market in other geographies.

Natural Gas Market: Segmentation by Resource Type

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Oil and natural gas production from conventional resources hold a significant share in the oil and gas industry. The availability of conventional resources of natural gas is high in natural gas-producing countries such as Russia, Iran, Qatar, and China. The rising demand for natural gas and increasing investments in the upstream sector are driving the growth of the global natural gas market by the conventional segment.

However, market growth by the conventional segment will be slower than the growth of the market by the unconventional segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the natural gas market size.

Natural Gas Market: Key Drivers and Trends

The growing population and industrial development have been increasing the demand for energy across the world. Therefore, many countries are exploring untapped oil and gas resources with the help of technological advances in the oil and gas industry. Moreover, oil and gas operators are increasingly investing in mature oil and gas fields to overcome the issue of declining conventional oilfields and maximize their revenue. Such increasing investments in the upstream oil and gas sector across the world

Liquefied Natural Gas Market Outlook

The global liquefied natural gas (LNG) market size was valued at USD 200 billion in 2023 and is projected to reach USD 310 billion by 2032, registering a compound annual growth rate (CAGR) of 5.2% during the forecast period. The growth of the LNG market is primarily driven by the increasing demand for cleaner fuel alternatives, advancements in liquefaction and regasification technologies, and significant investments in LNG infrastructure.

One of the primary growth factors for the LNG market is the global shift towards cleaner energy sources. Countries worldwide are adopting stringent environmental regulations aimed at reducing greenhouse gas emissions, which has led to an increased preference for LNG over traditional fossil fuels. LNG, being a cleaner energy source, produces significantly lower carbon dioxide and sulfur emissions compared to coal and oil, making it an attractive option for power generation and industrial applications.

Technological advancements in the liquefaction and regasification processes have significantly enhanced the efficiency and cost-effectiveness of LNG production and distribution. Innovations such as floating liquefied natural gas (FLNG) facilities and advancements in cryogenic storage technologies have reduced the overall costs associated with LNG production. These technological developments have made LNG a more competitive and viable energy option, further boosting the market growth.

The significant investments and expansion projects in LNG infrastructure are also instrumental in driving market growth. Major energy companies and governments are investing heavily in the construction of LNG terminals, storage facilities, and transportation networks. These infrastructure developments are crucial for ensuring a steady supply of LNG to meet the growing global demand. Additionally, the rising use of LNG in the transportation sector, particularly in marine and heavy-duty vehicles, is contributing to the market expansion.

From a regional perspective, the Asia Pacific region is expected to dominate the LNG market during the forecast period. The region's rapid industrialization, urbanization, and increasing energy consumption are major factors driving the demand for LNG. Countries like China, India, and Japan are leading importers of LNG, and their ongoing infrastructure projects and government initiatives to promote cleaner energy are likely to propel the market growth further. Moreover, North America, with its abundant natural gas reserves and advanced extraction technologies, is emerging as a significant LNG exporter, contributing to the regional market dynamics.

Application Analysis

The application segment of the LNG market is categorized into transportation, power generation, mining & industrial, and others. Each of these segments plays a critical role in the overall market dynamics, driven by unique demand factors and growth prospects. In the transportation sector, LNG is increasingly being adopted as an alternative fuel for ships, trucks, and trains due to its lower emissions and cost-effectiveness compared to conventional fuels like diesel and heavy fuel oil. The International Maritime Organization's regulations on sulfur emissions are pushing the maritime industry towards cleaner fuels, making LNG a preferred choice.

Power generation is another significant application segment where LNG is gaining traction. The transition from coal-fired power plants to gas-fired plants is a major trend observed globally. LNG's ability to provide a cleaner and more efficient source of energy for electricity generation is driving its adoption in this segment. Countries are investing in LNG-based power plants to meet their increasing energy demands while adhering to environmental regulations aimed at reducing carbon footprints.

In the mining and industrial sectors, LNG is used as a fuel for various operations. Industries such as chemical manufacturing, metal processing, and food production require substantial energy inputs. LNG provides a reliable and cleaner energy source for these industries, helping them reduce operational costs and environmental impact. The mining sector, in particular, benefits from LNG's ability to power heavy machinery and equipment in remote locations where access to traditional energy sources may be limited.

Other applications of LNG include its use in residential and commercial heating. As natural gas is piped into homes and businesses for heating and cooking purposes, the role of LNG

The report covers Africa Natural Gas Market Share and it is Segmented by Geography (Nigeria, Algeria, Egypt, South Africa and Rest of Africa).

Natural gas distributors have benefited mainly from the enormous outburst of natural gas availability in the United States since the early 2000s because of the growing prevalence of advanced drilling techniques employed by upstream producers in the Oil Drilling and Gas Extraction industry. Natural gas is used to generate electricity, produce useful thermal output and as an industrial feedstock. Many end users, mainly electric power plants, have been pressed to transition to using this energy source at the expense of others because of its increased affordability and comparatively lower environmental impact. Despite the rising popularity of renewable energy like wind and solar, natural gas already has years of historical infrastructure built, making the supply chain much easier to navigate, leading the country to rely on it for most of its energy needs. Revenue is set to swell at a CAGR of 4.6% through the end of 2025 to $199.3 billion, including a 9.5% dip in 2025, as gas prices will rebound. Despite revenue growing swiftly as the need for gas overwhelmingly expanded during the current period, distributors have also endured wild swings in revenue because of highly volatile market conditions. For example, the price of natural gas fell in 2020 amid shutdowns as excess supply was built. Prices then spiked in 2021 and 2022 before falling again in 2023 as the industry stabilized following economic turmoil. Despite all this, the residential sector has been a saving grace, as prices have continued to climb yearly despite outside factors. Even so, overall profit has been pushed down as distributors lowered their selling prices. Natural gas production will climb marginally, while infrastructure investments will boost pipeline and export capacity. Thanks to global tensions, total domestic consumption is set to strengthen. Even so, consumption may be constrained growth as some markets slowly switch to renewable energy, constraining growth. Prices are also set to remain stagnant, which may prevent significant revenue spikes. Overall, revenue is set to climb at a CAGR of 0.7% through the end of 2030 to $205.9 billion.

The Asia-Pacific Natural Gas market is Segmented by Geography (China, India, Japan, South Korea, and Rest of Asia-Pacific). The report provides market sizes and forecasts in terms of value in USD billion for all the above segments.