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.

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.

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.

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 gives a forecast of natural gas end use prices between 2015 and 2025 in the United States, by scenario. The average residential price of U.S. natural gas will be 11.19 U.S. dollars per million cubic feet over this period, according to the reference scenario. The reference scenario is a a business-as-usual trend estimate, given known technology and technological and demographic trends.

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 price of gas in the United Kingdom was 106 British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to 131 pence in the second quarter of 2025 before gradually falling to just under 80 pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's recent cost of living crisis in 2022, approximately 91 percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of 11.1 percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching 26.6 percent, and food prices increasing by 18.2 percent at the height of the crisis. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

According to Cognitive Market Research, the global Natural Gas Liquids market size will be USD 17542.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7016.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5262.66 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4034.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 877.11 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 350.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The ethane category is the fastest growing segment of the Natural Gas Liquids industry

Market Dynamics of Natural Gas Liquids Market

Key Drivers for Natural Gas Liquids Market

Increasing Petrochemical Industry to Boost Market Growth

The market for natural gas liquids (NGL) is mostly driven by the expanding petrochemical sector. Natural gas liquids (NGLs) like ethane, propane, and butane are vital raw materials for the synthesis of petrochemicals like ethylene and propylene, which are extensively utilized in the creation of synthetic materials, chemicals, and plastics. The need for NGLs is rising due to the petrochemical industry's explosive growth, particularly in North America and Asia. The utilization of NGLs in a variety of applications is growing as a result of growing industrialization and technological developments in chemical processing. The global need for consumer goods, packaging, and industrial materials is driving the petrochemical industry's growth, which in turn will fuel the NGL market's long-term growth.

The Surge in Shale Gas Production to Drive Market Growth

The market for natural gas liquids (NGL) is growing as a result of increased shale gas output. Production of NGLs, including ethane, propane, and butane, has expanded because of the spike in shale gas extraction, especially in North America, through horizontal drilling and hydraulic fracturing technology. These liquids are frequently left over after natural gas from shale formations is extracted. In order to fulfill growing global demand, the U.S. shale boom has improved export prospects and supported local NGL supplies. The supply of NGLs is directly increased by the ongoing expansion of shale gas production, which fosters the long-term growth of the NGL market by meeting the increasing demand from sectors such as transportation, energy, and petrochemicals.

Restraint Factor for the Natural Gas Liquids Market

Price Volatility for Crude Oil Will Limit Market Growth

The volatility of crude oil prices severely constrains

The natural gas liquids (NGL) market. Because NGLs are frequently extracted in conjunction with crude oil and natural gas, changes in oil prices have an immediate effect on how profitable it is to produce NGLs. Oil and gas companies may cut back on drilling when crude oil prices drop, which lowers the output of NGLs. Furthermore, a decline in oil prices may increase the appeal of alternative energy sources, which would lessen the market for NGLs. On the other hand, sudden spikes in oil prices can cause market instability and increase the operational expenses for NGL producers. It is difficult for NGL market participants to sustain consistent growth because of this price volatility, which also makes long-term planning more difficult and causes investor concern.

Impact of Covid-19 on the Natural Gas Liquids Market

The COVID-19 pandemic had a substantial effect on the natural gas liquids (NGL) market because it caused supply chain disruptions on a worldwide scale, decreased energy consumption, and a steep reduction in industrial activity. Lockdowns and limitations reduced the demand for NGLs, especially in the transportation and petrochemical sectors, which are big users of butane, propane, and ethane. The demand for NGLs as alter...

According to Cognitive Market Research, the global natural gas security market size will be USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for over 30% of the global USD XX million market size.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD XX million in 2024, and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The surveillance held the highest natural gas security market revenue share in 2024.

Market Dynamics of Natural Gas Security Market

Key Drivers of Natural Gas Security Market

Growing Demands on Conformity with Regulations to Increase the Demand Globally 

The need for security solutions is mostly driven by the strict regulatory framework that oversees the oil and gas sector. To prevent environmental accidents, ensure public safety, and preserve essential infrastructure, governments, and regulatory agencies worldwide are enforcing strict regulations. Oil and gas firms must abide by these rules and guidelines, which include particular security precautions and procedures. The market is driven by firms' constant investments in personnel training, improved security technology, and comprehensive security frameworks to meet regulatory obligations. In addition to striving for compliance, businesses exchange ideas, experiences, and tactics with regulatory agencies, security specialists, and industry groups. This partnership makes establishing benchmarks and industry-wide security standards easier.

Cloud Computing Adoption in the Market for Gas Security to Propel Market Growth

The increased use of cloud computing in the gas sector has increased its susceptibility to cyberattacks. One of the main problems in the oil and gas business is data protection and privacy, which has been addressed by isolating networks and bolstering perimeter defenses. With the introduction of cloud computing to the gas sector, businesses now have the chance to strengthen and modernize their defenses by implementing cyber security. Many businesses must use cloud technology to secure data because they lack the necessary resources, experience, or on-premise servers. Conventional network models primarily addressed perimeter security; however, because cybercriminals have already mastered the art of infiltration, traditional perimeter security.

Restraint Factors Of Natural Gas Security Market

Growing Environmental Concerns and Growing Costs for Natural Gas to Limit the Sales

Concern over how oil and gas extraction affects the environment is spreading worldwide. This includes rising carbon emissions, contaminated water, and devastating wildlife habitats and lands. Businesses find it increasingly difficult to compete in the market due to their demand to lessen their environmental impact. Geopolitical concerns, declining production capacity, and rising demand are some of the reasons driving up the cost of gas and oil. Consumer prices have increased as a result, while oil and gas corporations' profitability has declined.

Impact of COVID-19 on the Natural Gas Security Market

The global oil and gas industry is anticipated to be impacted by the COVID-19 pandemic. Cyberattacks have surged by 630% between January and April, claims McAfee. Organizations are experiencing economic hardship due to the pandemic, and the lack of service engineers has put significant pressure on the oil industry. As a result, oil businesses are connecting OEMs with Operational Technology (OT) to complete tasks. However, as a result, their OT and IT systems are vulnerable to attacks and are no longer isolated. Cyberattacks are more likely to occur on systems that do not have the latest security patches. In addition, the pandemic and the foll...

The United States natural gas storage market is projected to grow at a CAGR of 3.40% during the forecast period of 2025-2034. The rising demand for natural gas in the country is aiding the market.

Explore the Natural Gas Market trends! Covers key players, growth rate 7.3% CAGR, market size $1670.84 Billion, and forecasts to 2034. Get insights now!

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.

According to Cognitive Market Research, the global Natural Gas Storage market size will be USD 9.8 billion in 2024 and will expand at the compound annual growth rate (CAGR) of 4.3% from 2024 to 2031. Market Dynamics of Natural Gas Storage Market

Key Drivers for Natural Gas Storage Market

Market Flexibility and Price Stability - Natural gas storage facilities enable market participants to optimize supply chain logistics and hedge against price volatility. Storage helps mitigate price spikes during peak demand periods by releasing stored gas into the market, thereby stabilizing prices. Additionally, it provides flexibility for gas traders, utilities, and industrial consumers to buy and sell gas based on market conditions and pricing trends. This ability to respond swiftly to market dynamics enhances overall market efficiency and supports economic growth by ensuring reliable and affordable energy supplies.
The energy security and resilience are anticipated to drive the Natural Gas Storage market's expansion in the years ahead.

Key Restraints for Natural Gas Storage Market

The insufficient storage facilities and infrastructure can constrain the capacity and efficiency of natural gas storage, limiting the Natural Gas Storage industry growth.
The market also faces significant difficulties related to regulatory challenges.

Introduction of the Natural Gas Storage Market

The Natural Gas Storage Market plays a critical role in ensuring energy security and stability by providing flexibility in supply and demand dynamics. It encompasses facilities and technologies designed to store natural gas throughout the period of low demand and release it during peak consumption times, thereby balancing fluctuations in supply and maintaining grid reliability. Key storage methods include underground reservoirs, depleted gas fields, and liquefied natural gas (LNG) facilities, each offering unique advantages in terms of capacity, cost-effectiveness, and operational flexibility; driven by increasing global energy consumption and the transition towards cleaner fuels, the market for natural gas storage continues to evolve. However, challenges such as infrastructure limitations, regulatory complexities, and environmental considerations pose significant hurdles to market growth. Despite these challenges, technological advancements in storage techniques and strategic investments in infrastructure are expected to bolster market expansion, supporting the resilience and efficiency of natural gas supply chains worldwide.

Explore the Natural Gas Pipeline Transport Global Market Report 2025 Market trends! Covers key players, growth rate 5.5% CAGR, market size $24.84 Billion, and forecasts to 2033. Get insights now!

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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

Natural gas production in Italy was around 3.3 billion cubic meters in 2021. However, the domestic production of this fossil fuel was projected to increase to six billion cubic meters by 2025 and to seven in the following years. In the past years, natural gas production in Italy decreased from over eight billion cubic meters in 2012.

Behind this forecast This 2022 forecast was made after the decision of the Italian government to increase the number of natural gas drilling sites in the country. Over the last decades, the number of onshore and offshore natural gas producing wells decreased by half, but this trend is expected to be reversed. Natural gas has a key role in the decarbonization strategy of Italy, since it is the fossil fuel with the lowest carbon dioxide emission per kilowatt-hour of energy produced. Besides environmental reasons, driving the Italian energy policy is the current energy crisis. In 2022, Italy was still strongly reliant on natural gas supply from other countries, mainly Algeria, which replaced Russian imports of natural gas.

Natural gas prices The natural gas price for households in Italy reached an all-time high in 2022. After a small decrease, the price is expected to increase again because of the lack of flexibility in Algerian natural gas exports and the start of winter. Even though Italian natural gas storage facilities were over 90 percent full in autumn 2022, no policy regulates the supply of natural gas from Italian reserves.

Explore the Liquefied natural gas Global Market Report 2025 Market trends! Covers key players, growth rate 7.2% CAGR, market size $205.95 Billion, and forecasts to 2033. Get insights now!

In 2022, liquified natural gas (LNG) cost approximately 18.4 U.S. dollars per million British thermal units in Japan. The country imported the majority of its natural gas supply from overseas.

Natural gas production in Japan

Since Japan has limited natural resources, it heavily depends on imports for its primary energy supply. Only a small amount of the total supply of natural gas energy is produced domestically in areas such as Hokkaido, Chiba, or Niigata Prefecture. The natural gas produced in the around 60 oil and natural gas mines operating in Japan is mainly wet and dry natural gas. Minami-Kanto natural gas fields dissolved in water, which lies across Chiba Prefecture and surrounding prefectures, yields close to 20 percent of the total production of natural gas in the country. The saltwater in the field also includes a great amount of iodine. Japan is hence one of the leading countries regarding iodine production.

LNG imports

Apart from the two percent of in-house natural gas production, the rest of the natural gas supply in Japan originates from liquefied natural gas (LNG) imports from countries like Australia, the state of Qatar, Malaysia, and Indonesia.

Japan imported over 71 megatons of LNG in recent years, making the country the world’s largest importer of LNG. Natural gas and LNG accounted for over 23 percent of the total primary energy supply in Japan, indicating that natural gas and LNG are some of the most essential resources the country requires.

Gasoline increased 0.22 USD/GAL or 10.89% since the beginning of 2025, 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 March of 2025.