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.

TTF Gas decreased 8.92 EUR/MWh or 17.69% since the beginning of 2025, 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 March of 2025.

Natural gas prices decreased across all major regions in 2023, as supply caught up to higher demand. In Japan, LNG sold for an average of 12.5 nominal U.S. dollars per million British thermal units. Meanwhile, the United States, as the largest natural gas producer worldwide, has significantly lower prices for the fossil fuel. The U.S. has had lower natural gas prices than Europe for much of the past four decades.

LNG on the rise LNG is expected to shape much of future natural gas trade. Although pipelines have been the preferred method of transportation for many decades, as Europe shifts away from Russia as its main gas supplier, LNG has become more in demand. The global LNG trade volume has already exceeded 500 billion cubic meters per year, and is expected to continue growing. Countries in Asia have some of the highest landed prices for liquefied natural gas worldwide.

Natural gas benchmarks Some of the most closely followed natural gas price benchmarks are the U.S. Henry Hub and the Dutch TTF. The former is an important indicator of the state of the natural gas industry in the U.S., while the latter reflects natural gas market developments in Europe and potential repercussions for consumers.

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.

This statistic shows the price of natural gas in the United States from 1980 to 2015, and provides projections until the year 2025. In 2017, U.S. natural gas is expected to cost approximately 2.74 real 2010 U.S. dollars per million British thermal units.

United States EIA Forecast: Natural Gas Price: Retail: Commercial Sector data was reported at 7.865 USD/1000 Cub ft in Dec 2019. This records a decrease from the previous number of 7.929 USD/1000 Cub ft for Nov 2019. United States EIA Forecast: Natural Gas Price: Retail: Commercial Sector data is updated monthly, averaging 8.022 USD/1000 Cub ft from Mar 2016 (Median) to Dec 2019, with 46 observations. The data reached an all-time high of 8.726 USD/1000 Cub ft in Aug 2017 and a record low of 6.991 USD/1000 Cub ft in Apr 2016. United States EIA Forecast: Natural Gas Price: Retail: Commercial Sector 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.

The annual average Henry Hub price declined to 2.2 U.S. dollars per million British thermal unit in 2024. According to a forecast released in February 2025, Henry Hub natural gas prices will more than double by 2026 amid greater demand forecast.

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.

Have timely access to reliable Natural Gas price assessments in Spain:

• Natural Gas, industrial sector, dpu, Spain, excluding VAT and other recoverable taxes and levies (consumption of 1,000,000-4,000,000 GJ/year)
• Natural Gas (liquified), spot price, dpu, Spain

Each assessment includes Natural Gas price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Natural Gas price assessments for Spain and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

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 global natural gas market is experiencing robust growth, driven by increasing energy demand, particularly in developing economies, and the transition towards cleaner energy sources compared to coal. While precise figures for market size and CAGR were not provided, a reasonable estimation, based on industry reports and observed trends, suggests a 2025 market size of approximately $500 billion USD. Assuming a conservative Compound Annual Growth Rate (CAGR) of 3%, projected growth indicates a market value exceeding $650 billion by 2033. Key drivers include rising industrialization, expanding power generation sectors relying on natural gas, and growing adoption in transportation fuels (e.g., compressed natural gas vehicles). Significant trends involve the increased utilization of liquefied natural gas (LNG) for international trade, the development of innovative technologies for enhanced gas recovery and methane emission reduction, and the integration of natural gas into smart grids for enhanced energy management. However, restraining factors include price volatility due to geopolitical events and supply chain disruptions, as well as environmental concerns related to methane leakage and greenhouse gas emissions. The market is segmented by type (methane, ethane, propane, others) and application (power generation, industrial fuel, household fuel, automotive fuel, chemical industry), with regional variations reflecting different levels of industrialization and energy policies. North America, Europe, and Asia-Pacific are expected to dominate the market, accounting for a significant portion of the global consumption and production. The competitive landscape is populated by a mix of international and national companies spanning the value chain – from exploration and production to processing, transportation, and distribution. Companies like BG Group plc, Apache Corporation, Cheniere Energy, and others are actively involved in expanding production capacity, investing in infrastructure projects, and securing long-term supply contracts. Strategic partnerships and mergers & acquisitions are anticipated to shape the industry further, leading to increased consolidation and efficiency. Growth opportunities lie in leveraging innovative technologies to optimize gas extraction, reduce environmental footprint, and meet the rising global demand while navigating the challenges of geopolitical instability and fluctuating energy prices. This in-depth report provides a comprehensive analysis of the global natural gas market, encompassing production, consumption, pricing, and future growth projections. We delve into key segments, regional variations, and influential market players, offering invaluable insights for stakeholders across the natural gas value chain. Keywords: Natural Gas Market, Natural Gas Production, LNG, CNG, Natural Gas Prices, Methane, Ethane, Propane, Power Generation, Industrial Fuel, Global Energy Market.

Working gas held in storage facilities in the United States increased by 9 billion cubic feet in the week ending March 14 of 2025 . This dataset provides the latest reported value for - United States Natural Gas Stocks Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The GCC natural gas market is projected to grow substantially from 2023 to 2033. According to the research report published by Future Market Insights, the global market is anticipated to cross a valuation of US$ 55,248.7 million in 2023. It is predicted to attain a valuation of US$ 85,799.6 million by 2033. The market is expected to thrive at a CAGR of 4.5% from 2023 to 2033.

GCC Natural Gas Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

Have timely access to reliable Natural Gas price assessments in Brazil:

• Natural Gas, industrial sector, dpu, Brazil

Each assessment includes Natural Gas price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Natural Gas price assessments for Brazil and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Oman Oil and Gas Upstream Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period, i.e., 2024 to 2031.

Oman Oil and Gas Upstream Market Drivers

Supportive Government Policies: The Omani government’s supportive policies and initiatives aimed at attracting foreign investment and promoting exploration and production activities are driving the growth of the upstream sector.

Increased Exploration Activities: Ongoing exploration activities and the discovery of new oil and gas reserves are contributing to the expansion of the upstream market.

Growth of the Offshore Sector: The development of offshore oil and gas fields, particularly in deepwater areas, is a significant driver for the market.

Upcoming Projects: Several major oil and gas projects, such as the Khazzan and Ghazeer projects, are expected to boost the upstream market and contribute to Oman’s energy production capacity.

Have timely access to reliable Natural Gas price assessments in Finland:

• Natural Gas, industrial sector, dpu, Finland, excluding VAT and other recoverable taxes and levies (consumption of 1,000,000-4,000,000 GJ/year)

Each assessment includes Natural Gas price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Natural Gas price assessments for Finland and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Have timely access to reliable Natural Gas price assessments in India:

• Natural Gas (liquified), import spot price, dap, India

Each assessment includes Natural Gas price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Natural Gas price assessments for India and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

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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 increasing demand for natural gas in power generation and the expansion of the petrochemical industry. NGLs, which include ethane, propane, butane, and pentane, are essential feedstocks in the production of petrochemicals, plastics, and other industrial products. This trend is particularly prominent in regions with abundant shale gas resources, such as North America. However, the market growth is not without challenges. Growing environmental concerns, particularly with regard to greenhouse gas emissions, are leading to increased regulatory scrutiny and pressure on the industry to reduce its carbon footprint. Additionally, the shift towards renewable energy sources is expected to impact the demand for NGLs in power generation. Companies in the NGLs market must navigate these challenges while capitalizing on opportunities in the petrochemical industry and exploring new applications for NGLs in areas such as transportation fuels and chemical feedstocks. Effective operational planning and strategic partnerships will be crucial for companies seeking to remain competitive in this dynamic market.

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

Request Free SampleThe Natural Gas Liquids (NGL) market encompasses the production, processing, and consumption of hydrocarbon components, specifically ethane, propane, butane, isobutane, and pentanes plus, derived from the natural gas stream. These hydrocarbons possess various chemical compositions and applications, including as feedstocks for petrochemical plants, vehicle fuel, natural gasoline, and as components in industrial processes such as energy recovery and heavy industries. NGL markets have experienced significant growth due to the increasing drilling of liquids-rich resources and the incentives offered by crude oil prices. The carbon and hydrogen content of NGLs make them valuable alternatives to crude oil in various applications. For instance, ethane is used to produce ethylene, a primary building block for plastics and other chemicals. Propane is utilized as an automotive fuel, while butane and isobutane are used as fuel components in combustion engines. The expanding urbanization and industrialization in emerging economies have further fueled the demand for NGLs. Despite the growth, the NGL market faces challenges in transportation infrastructure development and the availability of liquids-rich resources. The market's size and direction remain dynamic, with ongoing exploration and production activities 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. ApplicationIndustrialResidentialCommercialProductPropaneButanePentaneEthaneGeographyNorth AmericaUSCanadaMiddle East and AfricaIranQatarUAEEuropeNorwayRussiaAPACAustraliaChinaSouth America

By Application Insights

The industrial segment is estimated to witness significant growth during the forecast period.Natural Gas Liquids (NGLs), specifically ethane and propane, hold significant importance in the petrochemical sector due to their role as essential feedstocks. In the production of ethylene, propylene, and butadiene, which are fundamental building blocks for various chemicals and plastics, NGLs play a pivotal role. Propane and butane are widely used as heating fuels for residential and industrial applications, and as vehicle fuel in areas with limited natural gas access or as part of LPG for cooking and heating. NGLs contribute significantly to refining processes. Ethane is used in ethane cracking plants to produce ethylene, while propane and butane are key components in the production of petrochemicals and refinery feedstocks. NGLs are transported through various means, including gas pipelines, tanker transport, rail transport, and truck transport, and are stored in underground and aboveground facilities. NGL infrastructure includes gas processing plants, fractionation plants, export terminals, and import terminals. The NGL market is driven by the demand for petrochemicals, energy sector growth, and increasing urbanization and industrialization in emerging economies. NGL production capacity is expected to increase, with demand forecast to follow suit, due to the expanding energy and chemical industries. The NGL supply chain includes natural gas extraction, hydrocarbon processing, and transportation infrastructure development.

Get a glance at the market report of share of var

The size of the Africa Natural Gas Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.50">> 4.50% during the forecast period. The Africa natural gas industry is expected to grow with great intensity given its vast untapped reserves and rising domestic and international demand for cleaner sources of energy. As countries confront the dual pressures of energy poverty and economic development, natural gas is increasingly considered the transition fuel to help countries move away from coal and cut back on greenhouse gases. Strong gas producers, including Nigeria, Algeria, and Mozambique, are stepping up their exploratory and production activities in an effort to utilize their natural gas for the purposes of enhancing energy security and economic development. Advances in extraction technologies-such as hydraulic fracturing and LNG processing-improve opportunities for projects in natural gas in the region. Infrastructure investment, also in pipelines and LNG terminals, is essential to unlock the flow and export of natural gas, accessing new markets, and future cooperation with other international players. There has also been the lack of political stability, regulatory hurdles, and competition from sources of renewable energy to interact with. Despite such challenges, however, the natural gas prospects in Africa continue to be optimistic. The commitment of the continent to sustainable energy solutions and the growing international focus on cleaner fuels make the natural gas industry the best candidate to play a vital role in Africa's future energy provision and economic development. Recent developments include: In September 2022, The Nigerian National Petroleum Company Limited (NNPCL) announced its intention to sign a Memorandum of Understanding (MoU) on developing a gas pipeline with Morocco's National Office of Hydrocarbons and Mines and the commission of the Economic Community of West African States (ECOWAS). As a result of the MoU, the 7,000-kilometre Nigeria-Morocco gas pipeline project is expected to ramp up gas supply to Europe. Upon the project completion, 3 billion standard cubic feet of gas is expected to be supplied along the coast of West Africa from Nigeria, Benin, Togo, Ghana, Cote d'Ivoire, Liberia, Sierra Leone, Guinea, Guinea Bissau, Gambia, Senegal, Mauritania to Morocco., In May 2022, Sonatrach and Eni signed a Memorandum of Understanding (MoU) in Rome to accelerate the development of gas fields in Algeria. In a more specific way, the Memorandum of Understanding is going to help Sonatrach and Eni assess the gas potential and opportunities for accelerated development at specific Algerian fields already discovered by SONATRACH. According to the agreement, Algeria is expected to export approximately 3 billion cubic meters of gas annually through the Transmed pipeline through the areas covered by the agreement.. Key drivers for this market are: 4., Increasing Amount of Waste Generation, Growing Concern for Waste Management to Meet the Needs for Sustainable Urban Living4.; Increasing Focus on Non-fossil Fuel Sources of Energy. Potential restraints include: 4., Expensive Nature of Incinerators. Notable trends are: Governments Moving Towards the Cleaner Energy Sources is Driving the Market.

During the last quarter of 2024, the natural gas prices in the USA reached 2742 USD/MT in December. Strong demand and geopolitical factors contributed to the steady rise in natural gas prices. Alongside inflation in LNG shipments to Europe and Mexico, the market was under pressure due to the increased need for heating caused by colder weather.

Explore IMARC's latest publication, “Natural Gas Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the natural gas market, providing insights into both global and regional trends that are shaping prices.