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 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.

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.

Natural gas prices decreased across all major regions in 2024, as supply caught up to higher demand. In Japan, LNG sold for an average of **** 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 *** 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 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.

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.

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.

Global liquefied natural gas prices have shown less volatility in 2024 and 2025 than the years prior, with the benchmark price reaching **** U.S. dollars per million metric British thermal units in May 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 ** 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 ***** index points in March 2025, showing a decrease of nearly ** 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 ***** 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 **** U.S. dollars per thousand cubic feet in 2023, down from ***** U.S. dollars the previous year.

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).

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.

Gasoline rose to 2.19 USD/Gal on July 11, 2025, up 1.65% from the previous day. Over the past month, Gasoline's price has risen 1.03%, but it is still 12.72% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on July of 2025.

Dutch TTF gas futures amounted to ***** euros per megawatt hour on July 7, 2025 for contracts with delivery in August 2025. Figures increased compared to the previous week as Europe's stockpiles were rising. Dutch TTF is seen as a Europe-wide natural gas price benchmark. Europe more reliant on imports The Groningen gas field is the largest gas field in Europe and the major natural gas source in the Netherlands. In 2014, the first earthquake related to drilling the field occurred, and other seismic activities were also observed. Therefore, the Groningen field has drastically reduced its production output. Since then, natural gas production in the Netherlands has been in a trend of continuous decline. To balance the diminished domestic production, the European market relies on liquefied natural gas imports and pipeline inflow. LNG pricing across European regions The European gas market exhibits regional variations, as evidenced by LNG prices in different parts of the continent. The Southwest Europe LNG price is generally slightly higher than LNG prices in Northwest Europe. The latter reached around ** U.S. dollars per million British thermal units in early July 2025.

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

Crude Oil rose to 68.75 USD/Bbl on July 11, 2025, up 3.27% from the previous day. Over the past month, Crude Oil's price has risen 1.04%, but it is still 16.37% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on July of 2025.

Access global energy markets and benchmarks in one integration, including real-time and historical data on crude oil, natural gas, and power derivatives.

Our continuous contract symbology is a notation that maps to an actual, tradable instrument on any given date. The prices returned are real, unadjusted prices. We do not create a synthetic time series by adjusting the prices to remove jumps during rollovers.

Renewable Natural Gas Trading Platform Market Outlook

According to the latest research conducted in 2025, the global Renewable Natural Gas Trading Platform market size reached USD 1.21 billion in 2024, driven by an increasing global focus on decarbonization and the integration of renewable energy sources into energy trading. The market is expanding at a robust CAGR of 18.3% and is forecasted to achieve a value of USD 5.43 billion by 2033. This significant growth is primarily fueled by advancements in digital trading technologies, supportive government policies, and the rising demand for transparent, efficient, and secure platforms for renewable natural gas trading.

One of the primary growth factors propelling the Renewable Natural Gas (RNG) Trading Platform market is the global shift towards sustainable energy solutions. As countries and corporations commit to ambitious net-zero emissions targets, the demand for RNG as a clean and renewable alternative to conventional natural gas has surged. Trading platforms have become indispensable in this ecosystem, enabling seamless transactions, real-time price discovery, and compliance with regulatory standards. The digitalization of energy trading not only enhances operational efficiency but also fosters liquidity and transparency, which are crucial for market participants ranging from energy producers to end consumers. The integration of blockchain and advanced analytics further strengthens trust and traceability, making RNG trading platforms a cornerstone in the transition to a low-carbon economy.

Another significant driver for the market is the increasing adoption of cloud-based and web-based trading solutions. These platforms offer scalability, flexibility, and cost-effectiveness, allowing stakeholders to access trading services from anywhere while minimizing infrastructure investments. The proliferation of cloud technologies also enables the aggregation of vast datasets, which can be leveraged for predictive analytics, risk management, and optimized trading strategies. As the RNG market matures, the need for sophisticated trading platforms that can handle complex transactions, manage regulatory compliance, and provide robust security protocols becomes paramount. This trend is further amplified by the entry of new market participants, including utilities, industrial users, and energy traders, all seeking to capitalize on the expanding RNG market.

The evolving regulatory landscape is also a key growth factor for the Renewable Natural Gas Trading Platform market. Governments across North America, Europe, and parts of Asia Pacific are introducing incentives, mandates, and carbon pricing mechanisms to accelerate RNG adoption and trading. These policies necessitate advanced tracking, certification, and reporting capabilities, which are efficiently addressed by modern trading platforms. Furthermore, the emergence of standardized contracts and digital registries is streamlining the trading process and reducing counterparty risks. As a result, platform providers are investing heavily in compliance features, interoperability, and user experience enhancements to attract a broader client base and foster market growth.

Regionally, North America leads the Renewable Natural Gas Trading Platform market, accounting for the largest share in 2024, followed closely by Europe. The United States and Canada have established comprehensive RNG markets, underpinned by supportive regulations, robust infrastructure, and active participation from utilities and industrial users. Europe is rapidly catching up, driven by the European Union’s Green Deal and the growing integration of renewable gases into its energy mix. Asia Pacific, while still emerging, presents significant growth potential due to increasing investments in clean energy and digital infrastructure. Latin America and the Middle East & Africa are in the nascent stages but are expected to witness accelerated adoption as global RNG trade expands and local governments introduce supportive policies.

Platform Type Analysis

Natural Gas Storage Market Outlook

The global natural gas storage market size was valued at approximately $7.5 billion in 2023 and is expected to reach around $11.8 billion by 2032, growing at a CAGR of 5.0% during the forecast period. The growth of this market is driven by the increasing global demand for natural gas, advancements in storage technologies, and the strategic importance of maintaining energy security.

The growing demand for natural gas as a cleaner alternative to other fossil fuels is a significant growth factor for the natural gas storage market. As countries strive to reduce their carbon footprints and comply with international environmental regulations, natural gas is increasingly seen as a bridge fuel in the transition to renewable energy sources. This shift is particularly evident in the power generation sector, where natural gas is replacing coal as a primary energy source. Additionally, the expanding industrial sector, which relies heavily on natural gas for various processes, further fuels the demand for effective storage solutions.

Technological advancements in storage solutions are also propelling market growth. Innovations such as more efficient compression techniques, better insulation materials, and improved monitoring systems have made natural gas storage more reliable and cost-effective. These advancements not only enhance the storage capacity but also improve safety and reduce the risk of gas leakages. The development of smart storage facilities, equipped with real-time monitoring and control systems, is another key trend driving the market. These smart systems optimize storage operations, leading to better resource management and reduced operational costs.

Energy security is another critical factor contributing to the growth of the natural gas storage market. Strategic storage facilities play a vital role in ensuring a steady supply of natural gas, especially during peak demand periods or supply disruptions. Governments and energy companies invest heavily in storage infrastructure to safeguard against potential supply shortages and price volatility. This strategic importance of natural gas storage is particularly crucial in regions that are heavily dependent on natural gas imports, making storage facilities indispensable for energy security and economic stability.

An emerging trend in the natural gas storage market is the adoption of Industrial Gas Storage Cascade systems. These systems are designed to store large volumes of gas in a series of interconnected cylinders, allowing for efficient management and distribution. The cascade approach is particularly beneficial in industrial settings where continuous and reliable gas supply is crucial. It offers advantages such as reduced space requirements and enhanced safety due to the modular nature of the system. As industries increasingly seek flexible and scalable storage solutions, the Industrial Gas Storage Cascade is gaining traction as a viable option. This system not only optimizes storage efficiency but also facilitates quick access to stored gas, making it an attractive choice for industrial applications.

Regionally, North America is expected to dominate the natural gas storage market due to its extensive natural gas production and consumption. The United States, in particular, has a well-developed storage infrastructure, which supports its vast natural gas market. Europe is another significant market, driven by the need for energy security and the transition to cleaner energy sources. The Asia Pacific region is poised for significant growth, fueled by rapid industrialization and urbanization, particularly in countries like China and India. Latin America and the Middle East & Africa are also witnessing increased investments in natural gas storage infrastructure to support their growing energy needs.

Storage Type Analysis

The natural gas storage market can be broadly segmented into underground storage and above-ground storage. Underground storage, which includes depleted reservoirs, salt caverns, and aquifers, is the most widely used method due to its large capacity and cost-effectiveness. Depleted reservoirs are particularly popular because they utilize existing geological formations that have already proven their ability to contain hydrocarbons, thereby reducing development costs and risks. These reservoirs offer significant storage volumes and are strategically located near consumption centers, making them an ideal choice for long-term stor

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Liquefied Natural Gas (LNG) Bunkering Market Size 2025-2029

The liquefied natural gas (LNG) bunkering market size is forecast to increase by USD 1.59 billion at a CAGR of 21.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing supply of LNG and the rising demand for cleaner fuels in the maritime industry. However, this market is not without challenges. High capital requirements for using LNG as a marine fuel can pose a significant barrier to entry for some players. Furthermore, regulatory hurdles impact adoption, as various international and regional regulations governing LNG bunkering and safety standards continue to evolve. Supply chain inconsistencies also temper growth potential, as the availability and reliability of LNG supply infrastructure remain crucial factors in the market's development. As the world shifts towards reducing carbon emissions, LNG is becoming an increasingly popular choice as a marine fuel due to its lower carbon footprint compared to traditional fuel oils and crude oil.
To capitalize on market opportunities and navigate challenges effectively, companies must stay abreast of regulatory developments, invest in infrastructure, and build strong partnerships with suppliers and logistics providers. By doing so, they can position themselves to benefit from the growing demand for cleaner fuels and the expanding LNG bunkering market. As the maritime industry shifts towards eco-friendly shipping options, LNG-driven ships are gaining popularity due to their lower sulfur emissions compared to Heavy Fuel Oil (HFO), Marine Gas Oil (MGO), and MDO.

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

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The LNG bunkering market is experiencing significant activity and trends as the maritime industry transitions to cleaner fuels. LNG demand continues to rise, driven by the adoption of dual fuel engines and LNG as a fuel for boilers. LNG distribution is evolving with advancements in transfer systems, such as cryogenic transfer and vapor recovery, and the integration of LNG with renewable energy sources. LNG production is increasing, with new liquefaction plants coming online, and LNG pricing models are being refined through futures markets and risk management strategies. The LNG spot market is becoming more volatile, necessitating effective hedging and contract negotiations. Additionally, the demand for LNG bunkering is increasing due to the growing popularity of LNG as a cleaner alternative to traditional fuel sources in the maritime industry. Another significant factor influencing the LNG market is the fluctuations in global oil and gas prices, which can impact the profitability of LNG producers and consumers.
Sustainability is a key focus in the LNG industry, with initiatives to reduce emissions through carbon capture and the development of LNG biofuel and biogas. Gas-to-liquid technology is also gaining attention as a potential solution for decarbonizing the industry. LNG handling systems are being optimized for efficient and safe operations, with a focus on reducing emissions and minimizing environmental impact. The use of LNG in shipping is expanding, with the industry aiming for a greener future. Despite challenges, such as price fluctuations and the need for infrastructure investments, the LNG market remains a dynamic and innovative space, driving progress towards a more sustainable maritime sector. LNG is increasingly utilized in power generation, particularly in electric power and distributed power projects, as an alternative to traditional fossil fuels like coal and oil.

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

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

Application

  Tanker
  Ferry and ro-ro
  Container
  Others


End-user

  Commercial
  Defense


Product Type

  Ship-to-ship
  Port-to-ship
  Truck-to-ship
  Portable tanks


Geography

  North America

    US


  Europe

    Denmark
    France
    Germany
    Norway
    The Netherlands
    UK


  APAC

    China
    Japan
    Singapore


  Rest of World (ROW)

By Application Insights

The tanker segment is estimated to witness significant growth during the forecast period. The maritime industry is witnessing a shift towards cleaner and more sustainable marine fuels, with LNG emerging as a prominent alternative to traditional bunker fuels. Container shipping, a significant sector in the shipping industry, is leading the way in LNG adoption. LNG bunkering investments are surging to support the growing demand for carbon-neutral marine fuel. Offshore vessels and LNG stora

On July 7, 2025, the Brent crude oil price stood at 69.62 U.S. dollars per barrel, compared to 67.93 U.S. dollars for WTI oil and 69.92 U.S. dollars for the OPEC basket. Prices rose slightly that week, following signs of an increase in demand.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (whereby a contract is agreed upon, while the product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

This table shows the average prices paid for natural gas and electricity. The total prices represent the sum of energy supply prices and network prices.

The total price is the price paid by an end-user, for instance a household or an industrial company consuming energy in their production process. Natural gas used for non-energy purposes or for electricity generation is excluded from the data.

The price cap set by the Dutch government for 2023 has now been incorporated into the prices.

Data available from: 1st semester of 2009

Status of the figures: The figures in this table are provisional for the two most recent semesters, and the annual figures follow the status of the second semester of the relevant reporting year. The remaining figures are final.

Changes as of March 28: Figures for the second half of 2024 have been added.

When will new figures be published? New provisional figures will be published three months after the semesters end, at the end of September and at the end of March.