As of 2024, hydrogen costs may be up to ** times as high as natural gas prices. In the United States, where natural gas is in ready supply, natural gas prices average around ***** U.S. dollars per megawatt hour. Grey hydrogen costs are estimated at some ** U.S. dollars per megawatt hour, also considering potential carbon emission tax. Meanwhile, the high estimate for green hydrogen production costs alone is set at some *** U.S. dollars per megawatt hour.

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.

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. Regional price variations across U.S. hubs Natural gas prices can vary significantly across different regions of the United States. In 2024, the Waha trading hub in the Permian basin recorded the lowest spot prices due to its proximity to productive oil and gas wells and limited pipeline capacity. Meanwhile, the Henry Hub, which serves as the U.S. natural gas benchmark, averaged 2.2 U.S. dollars per million British thermal units in 2024. Looking ahead, forecasts suggest that Henry Hub prices could more than double by 2026, driven by increased demand. Industry natural gas prices around the world Switzerland has some of the highest natural gas prices for the industrial sector. U.S. prices are especially low in comparison to European clients who rely on imports. U.S. industrial natural gas consumers paid around one fourth of the price paid by Swiss consumers.

UK Gas fell to 84.57 GBp/thm on July 14, 2025, down 0.83% from the previous day. Over the past month, UK Gas's price has fallen 4.85%, but it is still 15.90% 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 fell to 34.42 EUR/MWh on July 15, 2025, down 2.91% from the previous day. Over the past month, TTF Gas's price has fallen 9.14%, but it is still 4.95% 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.

United States' electricity producers paid about 2.75 U.S. dollars per million British thermal unit for natural gas in 2024. Meanwhile, coal power plant operators paid an average of 2.48 U.S. dollars. In the last decade, the price of natural gas used for electricity generation has seen a net decrease, followed by a considerable rise in 2022. Coal, on the other hand, has consistently been among the cheapest fuel types used in the power sector. Natural gas prices and the influence of oil demand As it is often produced alongside oil, prices for natural gas are shaped by overall market developments of the oil and gas industry. When an overproduction of oil led to the oil glut between 2015 and 2016, natural gas prices fell notably. The same circumstance could be observed in 2020 when a fall in oil demand brought many benchmarks such as WTI and Brent to historic lows and also resulted in the Henry Hub price falling to a 21-year low. Apart from petroleum, which is an expensive and inefficient means of power production, fossil fuel costs for electricity generation have declined since 2022. Shift away from conventional energy sources Although renewable technologies were once thought to be very expensive, greater investments have quickly rendered their levelized cost of energy generation on par with fossil fuels, especially when deployed on a utility-scale. The aging coal fleet is a prime example of the increasing necessity to switch to carbon neutral technologies. Older coal plants are dealing with increasing maintenance costs as well as environmental regulations forcing the installation of pollution controls.

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.

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.

About 80% of the fluid produced by geothermal wells in Sabalan is liquid and not used by single flash cycle for electricity generation. One of the appropriate options to utilize the energy of liquid phase of geothermal fluid in Sabalan can be direct use as domestic space heating. In this research an under Construction Residential Complex selected in Meshkin Shahr and required energy for its central heating has been calculated. The cost of the energy supply in a trial period by geothermal energy and natural gas was compared. Mathematical models for space heating were developed and implemented in the Carrier 99 software.

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.

This database automatically includes metadata, the source of which is the GOVERNMENT OF THE REPUBLIC OF SLOVENIA STATISTICAL USE OF THE REPUBLIC OF SLOVENIA and corresponding to the source database entitled “Comparison of prices for natural gas and electricity for selected consumers, Slovenia and the EU, half-yearly”.

Actual data are available in Px-Axis format (.px). With additional links, you can access the source portal page for viewing and selecting data, as well as the PX-Win program, which can be downloaded free of charge. Both allow you to select data for display, change the format of the printout, and store it in different formats, as well as view and print tables of unlimited size, as well as some basic statistical analyses and graphics.

The USA: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0.36 percent, an increase from 0 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for the USA from 1970 to 2021 is 0.36 percent. The minimum value, 0 percent, was reached in 1970 while the maximum of 1.82 percent was recorded in 1979.

Madagascar: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 0 percent, unchanged from 0 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Madagascar from 1980 to 2021 is 0 percent. The minimum value, 0 percent, was reached in 1980 while the maximum of 0 percent was recorded in 1980.

The automotive natural gas vehicle (NGV) market encompasses two primary product types, each offering unique advantages and catering to different operational needs: Compressed Natural Gas (CNG) Vehicles: These vehicles utilize CNG, stored at high pressure in onboard tanks. CNG offers a relatively lower initial investment cost compared to LNG, making it a popular choice for light-duty vehicles and fleets. However, the shorter range compared to LNG necessitates more frequent refueling. Liquefied Natural Gas (LNG) Vehicles: LNG, stored in cryogenic tanks at extremely low temperatures, offers a significantly longer driving range than CNG. This makes LNG vehicles particularly suitable for heavy-duty applications like long-haul trucking and public transportation. The higher initial investment and specialized refueling infrastructure are key considerations. Recent developments include: February 2021: To improve its standing among companies offering mobility solutions based on natural gas and renewable natural gas, Agility Fuel Solutions announced a merger with Hexagon Mobile Pipeline., September 2020: Westport Fuel Systems Inc. and its joint venture partner, UNO MINDA Group, reached a firm agreement. The deal allowed the business to cater to the expanding Indian NGV market more effectively.. Key drivers for this market are: Lower Fuel Costs

Government Incentives. Potential restraints include: Limited Infrastructure for LNG Fueling Stations

Higher Upfront Costs Compared to Gasoline Vehicles. Notable trends are: Development of Advanced Engine Technologies

Integration of NGVs with Renewable Energy Sources.

Algeria: Revenue minus production cost of natural gas, percent of GDP: The latest value from 2021 is 8 percent, an increase from 4.84 percent in 2020. In comparison, the world average is 0.81 percent, based on data from 181 countries. Historically, the average for Algeria from 1970 to 2021 is 3.05 percent. The minimum value, 0.3 percent, was reached in 1974 while the maximum of 8 percent was recorded in 2021.

Graph and download economic data for Henry Hub Natural Gas Spot Price (MHHNGSP) from Jan 1997 to Jun 2025 about natural resources, gas, price, and USA.

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Liquefied Natural Gas (LNG) Market Size 2025-2029

The liquefied natural gas (LNG) market size is forecast to increase by USD 27.79 billion, at a CAGR of 8% between 2024 and 2029.

The market is experiencing significant growth, driven by the surge in LNG production and the increasing demand for LNG bunkering. The production increase is due to the expansion of LNG infrastructure in key producing regions, enabling greater access to natural gas resources and facilitating the liquefaction process. Simultaneously, the demand for LNG bunkering is rising as more shipping companies adopt LNG as a cleaner alternative fuel for their vessels, in response to stricter environmental regulations. However, the LNG market faces challenges, including the fluctuations in global oil and gas prices. These price volatilities can impact the profitability of LNG projects, as the price of LNG is closely linked to the price of oil.
Additionally, the infrastructure required for LNG production, transportation, and regasification is capital-intensive and complex, posing challenges for companies looking to enter the market. Furthermore, safety concerns and the need for specialized expertise to handle LNG can create operational challenges for companies. To capitalize on market opportunities and navigate these challenges effectively, companies must remain agile, invest in innovative technologies, and collaborate with industry partners to optimize their operations and mitigate risks.

What will be the Size of the Liquefied Natural Gas (LNG) Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by shifting consumer demands, technological advancements, and regulatory changes. LNG metering and insulation technologies are crucial components in ensuring accurate measurement and efficient storage of this cryogenic fuel. LNG derivatives and contracts provide flexibility in managing price risks and securing supply. Industrial applications of LNG span various sectors, including power generation, heavy-duty vehicles, and processing industries. LNG valves, membranes, and pumps are essential components in LNG infrastructure, enabling the safe and efficient handling of this fuel. Carbon capture and utilization are emerging applications, offering potential environmental benefits. LNG pricing remains volatile due to market dynamics, supply and demand imbalances, and geopolitical factors.

Transportation, from production sites to end-users, involves complex logistics, including LNG tankers, pipelines, and terminals. Regulations and safety standards are continually evolving to address emerging challenges and ensure the safe and sustainable use of LNG. LNG vaporization and shipping technologies are essential for converting LNG back into its gaseous state for use as a fuel. LNG bunkering and supply chain optimization are crucial for the growing use of LNG as a marine fuel. LNG utilization in residential applications and export markets is expanding, driven by innovation and evolving consumer preferences. LNG production processes, such as gas-to-liquids (GTL), are advancing to improve efficiency and reduce emissions.

LNG hydrogen and fuel cells are emerging applications, offering potential benefits in decarbonizing energy systems. The LNG market's continuous dynamism underscores the importance of staying informed about the latest trends and developments.

How is this Liquefied Natural Gas (LNG) Industry segmented?

The liquefied natural gas (lng) 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.

End-user

  Power
  Industry
  Others


Application

  Off-grid power plants
  Transportation
  Industrial and manufacturing
  Marine fuel
  Others


Geography

  North America

    US
    Canada


  Europe

    Norway
    Russia
    The Netherlands


  Middle East and Africa

    Qatar
    UAE


  APAC

    China
    Japan


  Rest of World (ROW)

.

By End-user Insights

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

Liquefied Natural Gas (LNG) is a critical component of the global energy landscape, with increasing demand driven by various factors. The shift towards cleaner fuels for power generation and industrial applications is a significant trend, as LNG emits fewer greenhouse gases compared to coal and oil. LNG cryogenics technology enables the liquefaction, storage, and transportation of natural gas in its liquid form, making it a versatile fuel for various sectors. LNG infrastructure, including regasification terminals and pipelines, is essential for importing and distr

Natural Gas Filling Stations Market Outlook

In 2023, the global market size for natural gas filling stations was valued at approximately USD 15 billion, and it is expected to reach around USD 30 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8%. The rising demand for cleaner alternative fuels combined with the increasing regulatory pressure to reduce carbon emissions is a significant growth factor propelling the market. Governments worldwide are implementing stringent emission norms and offering incentives for the adoption of natural gas vehicles (NGVs), driving the expansion of natural gas filling stations.

Several growth factors are fueling the natural gas filling stations market. Firstly, the environmental benefits of natural gas as a cleaner fuel compared to gasoline and diesel have been a pivotal determinant. Natural gas produces significantly lower amounts of carbon dioxide, nitrogen oxides, and particulate matter during combustion, making it an attractive option for reducing vehicular emissions. Subsequently, governments and environmental agencies are promoting the adoption of NGVs through subsidies, tax rebates, and incentives, which in turn is stimulating the demand for natural gas filling infrastructure.

Furthermore, advancements in natural gas storage and refueling technologies are contributing to the market's growth. Innovations such as fast-fill CNG stations and mobile refueling units make the refueling process more efficient and convenient, thereby encouraging more fleet operators and private vehicle owners to switch to natural gas. The development of integrated solutions that combine refueling infrastructure with vehicle telematics and maintenance services also adds to the appeal of natural gas as a viable alternative fuel.

Economic factors such as the relatively lower cost of natural gas compared to conventional fuels are also driving market growth. Fluctuations in crude oil prices often result in high and unpredictable gasoline and diesel costs, whereas natural gas prices tend to be more stable. This cost advantage is particularly significant for commercial fleets and logistics companies that can achieve substantial savings on fuel expenses by transitioning to NGVs, thereby motivating the expansion of natural gas filling stations.

Regionally, Asia Pacific is expected to witness the highest growth in the natural gas filling stations market during the forecast period. The regionÂ’s rapid urbanization and industrialization, coupled with government initiatives promoting clean energy, are key drivers. China and India, with their large populations and escalating air pollution issues, are leading the charge in adopting natural gas vehicles and expanding filling station networks. North America and Europe are also experiencing steady growth, driven by stringent emission regulations and the push towards sustainable energy solutions.

The rise of Natural Gas-Powered Vehicles (NGVs) is a significant factor contributing to the demand for natural gas filling stations. As consumers and businesses become more environmentally conscious, the shift towards vehicles that produce fewer emissions is gaining momentum. Natural Gas-Powered Vehicles offer a cleaner alternative to traditional gasoline and diesel engines, reducing the carbon footprint and helping to meet stringent emission standards. This transition is supported by advancements in vehicle technology, making NGVs more efficient and accessible to a broader audience. The integration of natural gas into the automotive industry not only supports environmental goals but also offers economic benefits, as natural gas is often cheaper than conventional fuels. This cost-effectiveness is particularly appealing to fleet operators and logistics companies looking to optimize their operations.

Station Type Analysis

The natural gas filling stations market can be segmented by station type into Compressed Natural Gas (CNG) stations and Liquefied Natural Gas (LNG) stations. CNG stations are more prevalent and widely adopted due to the easier and less expensive storage and transportation of compressed natural gas. CNG stations can be further categorized into fast-fill and time-fill stations. Fast-fill stations are commonly used for retail and public services, offering quick refueling times akin to traditional gasoline stations, making them convenient for private vehicle owners and small fleet operators.

Time-fill CNG stations, on the

The US natural gas market, a significant component of the global energy landscape, is projected to experience robust growth over the forecast period (2025-2033). Driven by increasing demand from the power generation sector, a shift towards cleaner energy sources (compared to coal), and ongoing industrialization, the market is poised for expansion. The abundance of shale gas reserves within the US contributes significantly to this growth, making the nation a key player in global natural gas production and trade. While challenges exist, such as fluctuating prices influenced by global supply chains and environmental concerns regarding methane emissions, technological advancements in extraction and infrastructure development are mitigating these risks. The residential sector also contributes to market growth, albeit at a slower rate compared to power generation and industrial applications. Competition among major players like ExxonMobil, Chevron, and ConocoPhillips, fuels innovation and efficiency improvements within the industry. The market segmentation by gas type (wet and dry) further reflects the diverse applications and evolving needs of consumers and industries. Assuming a conservative CAGR of 5% based on the provided information, and a 2025 market size of approximately $300 billion (a reasonable estimate considering the scale of the US energy market), we can project substantial growth throughout the forecast period. Growth is expected to be most pronounced in regions with strong industrial activity and expanding power grids. The specific growth trajectory will depend on factors such as government policies promoting natural gas utilization (or potentially phasing it out), technological advancements, and global geopolitical events impacting energy prices. Nonetheless, the US natural gas market is expected to maintain its position as a major contributor to the national energy supply and a significant player in the global energy market. Further analysis of specific segments (e.g., wet vs. dry natural gas within each end-use sector) would provide more granular insights into market dynamics and investment opportunities. The overall outlook remains positive, projecting significant value creation and economic benefits over the next decade. 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%.. Notable trends are: Power Generation Segment to Dominate the Market.

Daily data showing SAP of gas, and rolling seven-day average, traded in Great Britain over the On-the-Day Commodity Market (OCM). These are official statistics in development. Source: National Gas Transmission.