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.

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

Natural Gas: Price: Domestic data was reported at 2.390 USD/MN BTU in Sep 2020. This stayed constant from the previous number of 2.390 USD/MN BTU for Aug 2020. Natural Gas: Price: Domestic data is updated monthly, averaging 3.060 USD/MN BTU from Nov 2014 (Median) to Sep 2020, with 71 observations. The data reached an all-time high of 5.050 USD/MN BTU in Mar 2015 and a record low of 2.390 USD/MN BTU in Sep 2020. Natural Gas: Price: Domestic data remains active status in CEIC and is reported by Petroleum Planning & Analysis Cell . The data is categorized under India Premium Database’s Energy Sector – Table IN.RBN003: Natural: Price.

In 2024, the global natural gas price index stood at 167.43 index points. This was down from a peak of 521.58 in 2022. Natural gas prices increased significantly in the latter half of 2021 and throughout much of 2022 owing to greater power demand combined with supply constraints. This trend was also reflected in the monthly natural gas price index.

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.

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.

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

Gasoline Prices in India remained unchanged at 1.11 USD/Liter in June. This dataset provides the latest reported value for - India Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Natural Gas Exports: Avg Price: LNG: To India: From Sabine Pass, Louisiana data was reported at 5.440 USD/1000 Cub ft in 2024. This records a decrease from the previous number of 6.130 USD/1000 Cub ft for 2023. United States Natural Gas Exports: Avg Price: LNG: To India: From Sabine Pass, Louisiana data is updated yearly, averaging 5.235 USD/1000 Cub ft from Dec 2011 (Median) to 2024, with 10 observations. The data reached an all-time high of 10.880 USD/1000 Cub ft in 2022 and a record low of 4.460 USD/1000 Cub ft in 2018. United States Natural Gas Exports: Avg Price: LNG: To India: From Sabine Pass, Louisiana data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P016: Natural Gas Export Price: Liquefied Natural Gas: Annual.

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.

India: Gasoline prices at the pump, in dollars per liter: The latest value from 2016 is 0.97 dollars, a decline from 1.1 dollars in 2014. In comparison, the world average is 0.98 dollars, based on data from 165 countries. Historically, the average for India from 1991 to 2016 is 0.86 dollars. The minimum value, 0.48 dollars, was reached in 1995 while the maximum of 1.25 dollars was recorded in 2012.

United States Natural Gas Exports: Avg Price: LNG: To India: From Corpus Christi, Texas data was reported at 5.900 USD/1000 Cub ft in 2024. This records a decrease from the previous number of 14.650 USD/1000 Cub ft for 2022. United States Natural Gas Exports: Avg Price: LNG: To India: From Corpus Christi, Texas data is updated yearly, averaging 5.900 USD/1000 Cub ft from Dec 2019 (Median) to 2024, with 5 observations. The data reached an all-time high of 14.650 USD/1000 Cub ft in 2022 and a record low of 4.270 USD/1000 Cub ft in 2020. United States Natural Gas Exports: Avg Price: LNG: To India: From Corpus Christi, Texas data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P016: Natural Gas Export Price: Liquefied Natural Gas: Annual.

Japan and China have some of the highest spot prices for liquefied natural gas. In January 2024, customers in Japan and China paid approximately 10.05 U.S. dollars per million British thermal unit of LNG delivered. Destination markets in Europe and South America experienced slightly lower shipping costs. In the last few years, the global trade volume of LNG has increased notably, exceeding 500 billion cubic meters shipped.

LNG demand growth and largest destination markets

Increased gas demand and improved liquefaction technology has prompted growth in the gas market and the entry of new players. LNG prices were initially strongly influenced by crude oil, however, as the market grew it developed independent benchmarks. As one of the largest LNG importing countries, the price for LNG in Japan has become synonymous with the global benchmark.

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.

Snapshot img

Compressed Natural Gas (CNG) Market Size 2025-2029

The compressed natural gas (cng) market size is forecast to increase by USD 32.28 billion, at a CAGR of 9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing number of CNG-powered vehicles and the expansion of natural gas supply infrastructure. The surge in CNG vehicle adoption is a result of environmental concerns and the need to reduce dependence on traditional fossil fuels. Additionally, the fluctuating global oil and gas prices have made natural gas an attractive alternative fuel source. However, the market faces challenges, including the high initial investment costs for CNG infrastructure and the limited availability of refueling stations in certain regions. Furthermore, the volatility of natural gas prices can impact the profitability of CNG as a fuel option.
Companies seeking to capitalize on the opportunities in this market should focus on expanding their CNG infrastructure and collaborating with vehicle manufacturers to promote the adoption of CNG-powered vehicles. Navigating the challenges will require strategic partnerships and investments in technology to optimize the efficiency and cost-effectiveness of CNG production and distribution.

What will be the Size of the Compressed Natural Gas (CNG) Market during the forecast period?

Request Free Sample

The market continues to evolve, with dynamic market patterns unfolding across various sectors. CNG processing technologies are advancing, enabling the conversion of natural gas into a transportable form for diverse applications. CNG trucks are gaining traction in commercial transportation, offering cost savings and energy security. In the public transportation sector, CNG buses are reducing carbon footprints and contributing to clean energy initiatives. CNG taxis are emerging as a sustainable alternative to traditional taxis, while CNG cryogenic storage solutions ensure efficient and safe fuel management. Energy security is a significant driver, with CNG's potential to reduce reliance on traditional fossil fuels and contribute to renewable energy integration.
Innovation is at the forefront, with advancements in CNG fuel efficiency, leak detection, metering, and fleet management systems. Biofuel applications are expanding, offering further sustainability benefits. Regulations and incentives shape the market landscape, influencing CNG adoption and infrastructure development. CNG supply and distribution networks are evolving, with pipelines and refueling stations expanding to meet growing demand. Safety remains a priority, with ongoing research and development in fire suppression, vaporization, and safety regulations. The CNG market's continuous dynamism underscores its potential as a viable alternative fuel source.

How is this Compressed Natural Gas (CNG) Industry segmented?

The compressed natural gas (cng) 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

  LDV
  MDV and HDV


Source

  Non associated gas
  Unconventional gas
  Associated gas


Distribution Channel

  Refueling Stations
  Virtual Pipelines


Tank Type

  Type 1
  Type 2
  Type 3
  Type 4


Vehicle Types

  Light-Duty
  Heavy-Duty
  Buses


Geography

  North America

    US
    Mexico


  Europe

    France
    Italy
    Norway


  Middle East and Africa

    Egypt
    Iran
    Qatar
    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

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

The market in the US is witnessing significant growth as businesses and public entities adopt this clean, domestic alternative fuel for various applications. CNG is increasingly being used in public transportation, with cities like Los Angeles, New York, and Seattle leading the way in converting their bus fleets to CNG. CNG fueling stations are expanding to meet the demand, with over 1,500 stations currently in operation. CNG is also gaining popularity in commercial transportation, particularly for heavy-duty vehicles like trucks and buses, due to its cost savings and energy security benefits. The US Department of Energy estimates that CNG costs about 30% less than gasoline or diesel, making it an attractive option for fleet operators.

CNG is also a domestically produced resource, reducing dependence on foreign oil and contributing to energy independence. In the residential sector, CNG is being used for heating and cooking applications, particularly in areas with abundant natural gas resources. CNG is also being used in emergency response vehicles and renewable energy systems. C

India Wholesale Price Index: 82p: Average: Primary Articles: Minerals: Petroleum Crude and Natural Gas: Indigenous data was reported at 358.300 1981-1982=100 in Mar 2000. This stayed constant from the previous number of 358.300 1981-1982=100 for Feb 2000. India Wholesale Price Index: 82p: Average: Primary Articles: Minerals: Petroleum Crude and Natural Gas: Indigenous data is updated monthly, averaging 218.300 1981-1982=100 from Apr 1982 (Median) to Mar 2000, with 216 observations. The data reached an all-time high of 358.300 1981-1982=100 in Mar 2000 and a record low of 122.100 1981-1982=100 in Jan 1983. India Wholesale Price Index: 82p: Average: Primary Articles: Minerals: Petroleum Crude and Natural Gas: Indigenous data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Inflation – Table IN.IH128: Wholesale Price Index: 1981-82=100: Primary Articles: Minerals.

India Wholesale Price Index: Weights: Primary Articles: Minerals: Petroleum Crude and Natural Gas data was reported at 4.274 % in Mar 2000. This stayed constant from the previous number of 4.274 % for Feb 2000. India Wholesale Price Index: Weights: Primary Articles: Minerals: Petroleum Crude and Natural Gas data is updated monthly, averaging 4.274 % from Apr 1982 (Median) to Mar 2000, with 216 observations. The data reached an all-time high of 4.274 % in Mar 2000 and a record low of 4.274 % in Mar 2000. India Wholesale Price Index: Weights: Primary Articles: Minerals: Petroleum Crude and Natural Gas data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Inflation – Table IN.II163: Wholesale Price Index: 1981-82=100: Weights: Primary Articles: Minerals.

United States Natural Gas Exports: Avg Price: LNG: To India: From Freeport, Texas data was reported at 6.970 USD/1000 Cub ft in 2024. This records an increase from the previous number of 4.630 USD/1000 Cub ft for 2023. United States Natural Gas Exports: Avg Price: LNG: To India: From Freeport, Texas data is updated yearly, averaging 6.970 USD/1000 Cub ft from Dec 2010 (Median) to 2024, with 9 observations. The data reached an all-time high of 11.100 USD/1000 Cub ft in 2012 and a record low of 0.000 USD/1000 Cub ft in 2016. United States Natural Gas Exports: Avg Price: LNG: To India: From Freeport, Texas data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P016: Natural Gas Export Price: Liquefied Natural Gas: Annual.

The dataset contains year, month- and commodity-wise compiled data from the year 2012 to till date on the wholesale price index (WPI), including its weight, of different products and commodities. These include Food articles such as Cereals, Pulses, Fruits, Diary, etc., Minerals and other Natural resources such as Coal, Natural Gas, Petrol, etc., Mineral Oils, and many other products and commodities in sectors such as beverages, tobacco, textiles, leather, wood, paper, chemicals, metals, pharmaceuticals, etc.

Brent rose to 70.45 USD/Bbl on July 14, 2025, up 0.12% from the previous day. Over the past month, Brent's price has fallen 3.80%, and is down 16.98% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on July of 2025.