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.

The report covers US Natural Gas Demand and it is segmented by Type (Wet Natural Gas and Dry Natural Gas) and End Use (Power Generation, Automotive, Residential, and Industries). The report offers the natural gas consumption and forecasts in units (billion cubic meters) for all the above segments.

United States - U.S. Natural Gas Liquid Composite Price was 7.28000 $ Per Mil. BTU in December of 2024, according to the United States Federal Reserve. Historically, United States - U.S. Natural Gas Liquid Composite Price reached a record high of 15.88000 in September of 2011 and a record low of 2.85000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - U.S. Natural Gas Liquid Composite Price - last updated from the United States Federal Reserve on March of 2025.

The average monthly price for natural gas in the United States amounted to 3.02 nominal U.S. dollars per million British thermal units (Btu) in December 2024. By contrast, natural gas prices in Europe were about four times higher than those in the U.S. Prices for 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 70 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 60 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 one trillion cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

Recent developments include: July 2022: The Indian government announced that it had set a target to raise the share of natural gas in the energy mix to 15% by 2030 from the current 6.3%. According to the data demonstrated by the Ministry of Petroleum & Natural Gas, 95.21 lakh PNG (Domestic) connections have been provided, and the authorized entities have established 4531 CNG (Transport) stations as of 31 May 2022., May 2022: The China National Offshore Oil Company (CNOOC) awarded CNY 16 billion (USD2.42 billion) contracts for building 12 liquefied natural gas tankers. The 12 vessels will be constructed by Hudong Zhonghua Shipbuilding Co., a China State Shipbuilding Corporation (CSSC). Each tanker can carry about 174,000 cubic meters of LNG, equivalent to 108 million cubic meters when re-gasified. The vessels are slated for commissioning between 2024 and 2027., January 2022: GAIL (India) Ltd commenced India's first-of-its-kind project of mixing hydrogen into the natural gas system in Indore, Madhya Pradesh. The hydrogen blended natural gas will be supplied to Avantika Gas Ltd, one of GAIL's joint ventures with HPCL, to retail CNG to automobiles and piped natural gas to households in Indore.. Key drivers for this market are: 4., Increasing Electricity Demand4.; Rsing Investments in the Coal Industry. Potential restraints include: 4., Increasing Installation of Renewable Energy Sources. Notable trends are: Increasing Investments in Natural Gas Production to Drive the Market.

United States - Henry Hub Natural Gas Spot Price was 4.15000 $ Per Mil. BTU in March of 2025, according to the United States Federal Reserve. Historically, United States - Henry Hub Natural Gas Spot Price reached a record high of 23.86000 in February of 2021 and a record low of 1.05000 in December of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Henry Hub Natural Gas Spot Price - last updated from the United States Federal Reserve on March of 2025.

Russia MED Forecast: Natural Gas Mining: Target data was reported at 697,000.000 Cub m mn in 2020. This records an increase from the previous number of 679,000.000 Cub m mn for 2019. Russia MED Forecast: Natural Gas Mining: Target data is updated yearly, averaging 664,000.000 Cub m mn from Dec 2016 (Median) to 2020, with 5 observations. The data reached an all-time high of 697,000.000 Cub m mn in 2020 and a record low of 645,000.000 Cub m mn in 2016. Russia MED Forecast: Natural Gas Mining: Target data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.BAD006: Mining and Quarrying: Natural Gas: Forecast: Ministry of Economic Development: Annual.

The Kuwait Oil and Gas Upstream Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 3.5% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising imports & exports of the oil & gas, innovation of the new technologies, and increasing demand for various activities. The companies are trying to overcome and rearrange themselves from the Covid-19.



The oil and gas upstream includes the activities of exploration such as production activities, obtaining the rights of land, and creating surveys that are geological. The sale of natural and crude oil by organizations, partnerships, or sole traders, which tackle the activities of natural gas and crude oil production for pre-refining.

The companies of oil and gas in Kuwait are investing highly in the technology of digital oilfield for increasing the production of oil & gas. The oilfields that are digital integrate advance hardware, software, and techniques of data analysis for the collection of real time data in the oilfield. It includes product surveillance, remote communication systems, visualization, and integrated decision making.



The digital technologies used in the oilfield includes electrical pumps that has advances function, drill bits with high performance, reservoir modelling, and seismic imaging. The oil and gas upstream are used in various applications such as tank management, well optimization, well test management, injection control, surface control management, and others. Covid-19 has highly affected the market as well as market players of the oil and gas upstream due to heavy lockdown imposed along with strict rules by the government.

Market Trends, Drivers, Restraints, and Opportunities

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  Increasing usage of natural oil & gas is expected to boost the market growth during the forecast period.

  
  


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  Continuous development activities taking place for oil & gas upstream acts as main factor driving the market expansion.

The global oil and gas market size reached USD 20.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 72.6 Billion by 2033, exhibiting a growth rate (CAGR) of 15.21% during 2025-2033. The global market is currently influenced by geopolitical tensions, technological advancements, and shifting environmental policies, leading to volatile prices and driving industry players towards innovation and sustainability to navigate the challenges of supply disruptions, regulatory pressures, and changing consumer preferences.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type and application.

xplore Indonesia's natural gas market valued at 64 billion cubic meters. Learn about growth drivers, challenges, LNG exports, and top players. Insights into infrastructure projects, government policies, and market segmentation through 2028.

This data is a graphic representation of natural gas utility service territories. The file has not been certified by a Professional Surveyor. This data is not suitable for legal purposes. The purpose of this data is to provide a generalized statewide view of electric service territories. The data does not include individual or commercial releases. A release is an agreement between adjoining utilities that release customers from one utility to be served by the adjoining utility. A customer release does not change the territory boundary. The file has been compiled from numerous sources and as such contains errors. The data only contains the electric utility service territories and the name of the utility.The data was derived from ESRI zipcode boundary and utility companies.

This data is a graphic representation of natural gas pipelines. The file has not been certified by a Professional Surveyor. This data is not suitable for legal purposes. The purpose of this data is to provide a generalized statewide view of natural gas pipelines.

As per Cognitive Market Research's latest published report, the Global Oil Exploration and Production market size is $3,588.98 Million in 2024 and it is forecasted to reach $5,116.57 Billion by 2031. Oil Exploration and Production Industry's Compound Annual Growth Rate will be 5.20% from 2024 to 2031. Market Dynamics of the Oil Exploration and Production Market

Market Driver for the Oil Exploration and Production Market

The increasing investment in oil sector by several government bodies worldwide elevates the market growth 

Many countries view a stable and secure energy supply as crucial for their economic development and national security. Investing in the oil sector helps ensure a reliable source of energy. Oil exploration and production contribute significantly to the economic growth of a country. Governments often invest in the oil sector to capitalize on the potential for high returns, which can be used to fund public services, infrastructure projects, and other essential programs. Despite efforts to transition to renewable energy sources, the global demand for oil remains high. Governments recognize the need to meet this demand and ensure a stable energy supply to support industrial processes, transportation, and other key sectors. The oil and gas industry encompasses activities linked to exploration, including the search for hydrocarbons, identification of high-potential areas for oil and gas extraction, test drilling, the construction of wells, and initial extraction. According to the Center on Global Energy Policy, data 2023, the 2021–22 period of high oil and gas prices did not lead to a significant increase in capital spending by private companies despite record profits. One exception has been upstream exploration and production (E&P) companies, whose capital spending in 2022 was the highest since 2014.   According to the International Labor Organization (ILO), data 2022, the oil and gas industry makes a significant contribution to the global economy and to its growth and development worldwide. The oil industry alone accounts for almost 3 per cent of global domestic product. The trade in crude oil reached US$640 billion in 2020, making it one of the world’s most traded commodities. Additionally, the industry is highly capital-intensive. Globally investments in oil and gas supply reached more than US$511 billion in 2020. According to the oil and gas industry outlook, data 2023, rapid recovery in demand, and geopolitical developments have driven oil prices to 2014 highs and upstream cash flows to record levels. In 2022, the global upstream industry is projected to generate its highest-ever free cash flows of $1.4 trillion at an assumed average Brent oil price of $106/bbl. Until now, the industry has practiced capital discipline and focused on cash flow generation and pay-out—2022 year-to-date average O&G production is up by 4.5% over the same period last year, while 2022 free cash flows per barrel of production is projected to be higher by nearly 70% over 2021. In addition, high commodity prices and growing concerns over energy security are creating urgency for many to diversify supply and accelerate the energy transition. As a result, clean energy investment by Oil &Gas companies has risen by an average of 12% each year since 2020 and is expected to account for an estimated 5% of total Oil & Gas capex spending in 2022, up from less than 2% in 2020.Therefore, investments made over recent decades enabled the United States to become a world leader in oil and natural gas production. Thus, owing to increased oil production, the demand for oil exploration and production has surged during the past few years.

The rising demand for oil across both commercial and residential sector is expected to drive the market growth 

Oil remains a primary source of energy for transportation, including cars, trucks, ships, and airplanes. The growing global population, urbanization, and increased industrial activity contribute to a rise in the number of vehicles and the overall demand for transportation fuels derived from oil, such as gasoline and diesel. Many industrial processes rely on oil and its by-products as energy sources and raw materials. Industries such as manufacturing, petrochemicals, and construction utilize oil-based products for various applications, including heating, power generation, and the production of pl...

The size of the Europe Oil and Gas Storage Tank Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.00% during the forecast period. The oil and gas storage tank market is vital to energy security and proper utilization of hydrocarbon resources in Europe. The market encompasses a large number of crude oil, refined petroleum products, and natural gas storage facilities that ensure strategic reserves and operational demand throughout the region. Adequate storage infrastructure is indispensable in Europe, which relies heavily on imports of oil and gas. Stabilizing supply is necessary to manage price volatility. In very recent times, there has been a swing that has been very much towards the sophisticated end of storage technologies, more towards the ultra-modern, sophisticated kind of tank farms with advanced monitoring systems and safety features. Market pressure is mounting due to increasing regulatory pressures on minimizing environmental impact and raising safety standards, which then results in investments in environmentally friendly storage solutions. Geopolitical factors, notably tensions in Eastern Europe that are now tied to the energy crisis, have dramatically increased the strategic value of storage capacities. Nations are actively investing in SPR development as well as in the infrastructure to offer energy resiliency. However, while challenges are observed in the form of fluctuating demand, transition toward renewable energy, and an imperative to modernize, this European oil and gas storage tank market is poised for growth in a pretty relative manner. Investments in infrastructure, technological advancements, and a focus on sustainability will most likely determine the future of this most essential sector of the European energy landscape Recent developments include: September 2022: Germany's natural gas storage facilities reached more than 85%, displaying steady progress despite a drastic reduction in deliveries from Russia amid the war in Ukraine. The government's target to reach 85% storage capacity by October was achieved at the beginning of September., July 2022: Germany and Austria signed a deal to accelerate filling gas storage facilities. With the signing of a bilateral solidarity agreement, the two countries agreed to cooperate on the use of liquefied natural gas (LNG) infrastructure and storage filling.. Key drivers for this market are: 4., Growing Demand for Renewable Energy4.; Upcoming Investments in the Energy Sector and Supportive Renewable Energy Policies. Potential restraints include: 4., High Initial Investment Cost and Long Investment Return Period on Projects. Notable trends are: Midstream to Witness Significant Growth.

China’s market-oriented reform supports the sustainable development of energy mix and the low-carbon target, and natural gas has bridged the transition from traditional fossil energy to clean and renewable energies. The third-party access policy, launched recently by China’s natural gas market, drives the decouple between gas trade and transport. The decouple might lead to the transmission resources of physical network not optimally used, which is caused by the contractual arrangement between entry and exit capacities in commercial network. Aiming at this issue, we established a mathematical programming with equilibrium constraints (MPEC) to integrate the allocations of commercial capacity and physical flows, based on a minimum cost maximum flow problem (MCMF) abstracted from China’s existing gas network. The MPEC model was then used to strategically evaluate the transmission efficiency, and identify the critical factors of its loss. Our results show that there is transmission efficiency loss of China’s gas network from the shortage of geospatial gas supply and the invisible segmentation of gas network due to interdicted cost of pipeline, bottleneck of pipeline capacity and economic radius of gas supply chains to transport gas. Therefore, the critical factor of the loss to be identified will be helpful for strategically reducing the cost of decoupling gas trade and transport.

Electricity: Target Capacity: Meghalaya: Natural Gas data was reported at 0.000 MW in Jan 2025. This stayed constant from the previous number of 0.000 MW for Dec 2024. Electricity: Target Capacity: Meghalaya: Natural Gas data is updated monthly, averaging 0.000 MW from May 2022 (Median) to Jan 2025, with 33 observations. The data reached an all-time high of 0.000 MW in Jan 2025 and a record low of 0.000 MW in Jan 2025. Electricity: Target Capacity: Meghalaya: Natural Gas data remains active status in CEIC and is reported by Central Electricity Authority. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBB003: Electricity: Target Capacity: by States.

Russia accounted for 18 percent of the value of natural gas imports into the European Union (EU) from non-EU countries in the second quarter of 2024. The share was higher than in the corresponding period of the previous year, but significantly lower than in 2021. The decrease was due to the Western sanctions on Russia over its invasion of Ukraine and the reduction of gas supplies by Gazprom to Europe. Which EU countries import gas from Russia? In 2023, the EU imported 27 billion cubic meters of natural gas via pipelines from Russia, compared to 140 billion cubic meters in 2021. Among the EU countries, Germany was by far the largest importer of natural gas from Russia. Central and Eastern European (CEE) countries such as Poland, Czechia, and Hungary also ranked in the top 10 before the war in Ukraine given their high dependence on Russian gas. After the onset of the war in 2022, Turkey and China emerged as some of the largest buyers of Russian pipeline gas. The future of natural gas in a climate-neutral Europe Gas continues to be the second-most important primary energy source in the EU, after petroleum-based products. However, to stay within the Paris Agreement’s target of 1.5 degrees Celsius, the EU is actively looking for ways to accelerate the transition to more renewable sources of energy, including the adoption of the European Green Deal and the Commission’s "Fit for 55" proposal and RePowerEU plan. Under these sustainable scenarios, the European gas demand is estimated to fall from 617 billion cubic meters in 2018 to 380 billion cubic meters in 2040.

This feature layer represents Natural Gas Processing Plants. A Natural Gas Processing Plant is a facility designed to remove impurities and non-methane hydro-carbons from raw natural gas to produce pipeline ready dry natural gas. Geographical coverage includes the United States, as well as Natural Gas Processing Plants in Canada and Mexico that are within 100 miles of each countries border with the United States.

United States - Producer Price Index by Industry: Natural Gas Distribution: Commercial Natural Gas was 287.33300 Index Dec 1990=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Natural Gas Distribution: Commercial Natural Gas reached a record high of 365.41900 in January of 2023 and a record low of 92.40000 in August of 1991. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Natural Gas Distribution: Commercial Natural Gas - last updated from the United States Federal Reserve on March of 2025.

In financial year 2022, the volume of natural gas production in India amounted to over 34 billion cubic meters. The production was estimated to decrease in the following year. The government had a target of producing over 25.8 billion cubic meters of natural gas by the end of December of the fiscal year 2023.