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.

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.

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.

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.

Global liquefied natural gas prices have shown less volatility in 2024 and 2025 than the years prior, with the benchmark price reaching 14.72 U.S. dollars per million metric British thermal units in February 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 75 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 207.9 index points in November 2024, showing an increase of nearly 20 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 10.05 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 7.57 U.S. dollars per thousand cubic feet in 2023, down from 12.24 U.S. dollars the previous year.

Dutch TTF gas futures amounted to 42.75 euros per megawatt hour on March 24, 2025 for contracts with delivery in April 2025. Figures rose slightly compared to the previous weeks and were roughly 15 euros higher than in the same month the year prior. 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 13 U.S. dollars per million British thermal units in late March 2025.

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

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

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

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.

Germany, Belgium, and Ireland had some of the highest household electricity prices worldwide, as of June 2024. At the time, German households were charged around 0.39 U.S. dollars per kilowatt-hour, while in Belgium, the price stood at 0.37 U.S. dollars per kilowatt-hour. By comparison, in Qatar, residents paid more than 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations. The top importers of natural gas in Europe in 2023 were Germany and Italy, where this energy source constitutes a relevant share of the power mix.

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Residential Gas Generator Market Size 2025-2029

The residential gas generator market size is forecast to increase by USD 672 million, at a CAGR of 7.4% between 2024 and 2029.

The market is witnessing significant growth due to the increasing popularity of these systems as reliable backup power solutions. With the rise of smart cities and the integration of energy storage systems such as batteries into residential applications, gas generators are becoming an essential component of the power infrastructure. Natural gas, a widely available and affordable energy source, is the primary fuel for these generators. Moreover, advancements in technology, including the use of inverters, have led to the development of more efficient and eco-friendly gas generators. Renewable energy sources like solar panels, wind energy, and hydrogen are also being integrated with gas generators to create hybrid systems that offer greater energy independence and sustainability. However, the market faces challenges such as the availability of alternatives like batteries and the increasing popularity of renewable energy sources. The construction of new power grids and the expansion of existing ones also pose a threat to the market's growth.

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The market encompasses the production, sales, and installation of stationary generators that run on natural gas and other gases, including fuel gas and propane, as alternatives to diesel and gasoline. This market is driven by the growing demand for reliable power sources during power outages caused by severe weather conditions such as storms and bad weather. Mechanical energy from gas generators is increasingly being used to produce electrical energy in residential areas, offering a cost-effective solution for homeowners.
Natural gas generators are gaining popularity due to their environmental benefits, as they emit fewer greenhouse gas emissions compared to conventional fossil-fuel generators. The availability of natural gas deposits and extra-regional trade agreements are also contributing to the growth of this market. Battery storage power packs and renewable gas options are emerging trends, providing additional flexibility and sustainability to the market.

How is this Residential Gas Generator Industry segmented and which is the largest segment?

The residential gas generator 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.

Type

  Stationary
  Portable


Fuel Type

  Natural gas
  Propane


Power Output

  Up to 5 kW
  5 - 10 kW
  10 - 15 kW
  15 - 20 kW
  Over 20 kW


Application

  Primary power source
  Backup power source
  Recreational use


Variant

  Automatic transfer switch (ATS)
  Manual transfer switch (MTS)
  No transfer switch


Power Rating

  0-100 kVA
  101-350 kVA
  351-1000 kVA
  Above 1000 KVA


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan


  Middle East and Africa



  South America

By Type Insights

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

In the residential market, gas generators serve as a reliable backup power source during power outages caused by bad weather or natural disasters such as lightning, rain, snow, ice, wind, and floods. Stationary gas generators, which can run on natural gas or renewable gas, are often hardwired to the main power distribution unit panel for constant power supply. These generators can operate manually or automatically using an automatic transfer switch. During power outages, the transfer switch isolates the electrical wiring from the utility grid and signals the generator to start operation, providing power to the lines. Once utility power is restored, the reverse action occurs, and the generator is isolated and ceases operation, returning to standby mode.

Gas generators offer a cost-effective solution for residential consumers seeking backup energy sources, particularly in areas with unstable power supplies. They emit CO2, nitrogen, and sulphur, making environmental friendliness a consideration for some consumers. The demand for electricity, driven by increasing population growth and urbanization, has led to power supply shortages, making backup power applications essential. Gas generator OEMs cater to various industries, including telecom, residential, oil & gas, hospitals, and commercial sectors, among others.

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The stationary segment was valued at USD 891.70 million in 2019 and

Data set presents historical energy use in native units and billion site-delivered Btu and costs (in 2012 dollars) aggregated at the top-tier Federal agency level for the fiscal years 1975 through 2012. Data is grouped into two main end-use sectors, facility and mobility energy use, and is further broken down by energy type, electricity, natural gas, petroleum types, coal, steam, and others.

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Oil And Gas Transportation Market Size 2025-2029

The oil and gas transportation market size is forecast to increase by USD 39.8 billion at a CAGR of 4.7% between 2024 and 2029.

The market is experiencing significant growth due to the expansion of oil terminals and substantial investments in infrastructure development. These initiatives aim to address the increasing demand for transporting crude oil and natural gas efficiently and safely. However, the transportation of these resources presents technical challenges. Crude oil's viscosity and natural gas's compressibility require specialized methods and technologies to ensure safe and efficient transport. Additionally, the market faces regulatory pressures and environmental concerns, necessitating continuous innovation and adaptation to meet evolving industry standards. Overall, the market's growth is driven by the need for reliable and cost-effective transportation solutions, while addressing the unique challenges of transporting oil and gas.

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The market is witnessing significant advancements with the integration of automated pipelines and high-tech tankers. Automation and control systems enable efficient operation, reducing human error and enhancing safety. However, the environmental concerns surrounding carbon emissions remain a pressing issue. Cross-border pipelines for natural gas and liquefied natural gas (LNG) are essential components of global energy transportation infrastructure. The shift towards renewable energy sources is transforming the energy landscape. Onshore pipeline technology is evolving to accommodate the integration of renewable energy into the grid. Urbanization and industrialization have led to increased energy demand, necessitating strong transportation infrastructure. Maintenance and support are crucial aspects of pipeline operations.



Automation and control systems facilitate remote operation, ensuring optimal performance and reducing downtime. Security solutions and integrity tracking systems provide peace of mind, safeguarding against potential threats and ensuring the safe transportation of resources. Short-distance transportation, such as natural gas vehicles, is gaining popularity as an alternative to traditional oil-based transportation. Hydrogen pipelines represent a promising development in the energy sector, offering a potential solution for long-distance transportation with minimal carbon emissions. Investment in energy infrastructure projects is essential to meet the growing demand for energy transportation. The market dynamics are complex, influenced by factors such as environmental regulations, geopolitical tensions, and technological advancements.

How is this Oil And Gas Transportation Industry segmented and which is the largest segment?

The oil and gas transportation 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.

Mode Of Transportation

  Pipelines
  Railroads
  Tankers and trucks


Type

  Gas
  Oil


Geography

  APAC

    China
    India


  North America

    Canada
    US


  Middle East and Africa



  Europe

    UK
    Norway


  South America

    Brazil

By Mode Of Transportation Insights

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

In the global oil and gas transportation market, pipelines stand out as a fundamental mode of transporting vital hydrocarbon resources across vast distances. These networks of pipelines play a pivotal role in moving crude oil, natural gas, and refined petroleum products efficiently and securely. Pipelines offer several advantages over other transportation methods. They provide a cost-effective means of transporting large volumes of oil and gas over long distances, minimizing the transportation costs per unit. Moreover, pipelines offer a more eco-friendly approach to the transportation of hydrocarbons by reducing carbon emissions when compared to modes like trucks or ships.

Further, pipelines are widely used transportation methods to move petroleum and refined petroleum products. For instance, in the US, 70% of crude oil and petroleum products were shipped by pipeline. In Canada, 90% of natural gas and petroleum products were transported by pipelines. This includes both long-distance inter- and intra-state transmission systems. For delivery into common carrier transmission systems, it also includes local or regional gathering systems, which aggregate production for delivery.

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The pipelines segment was valued at USD

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.

This dataset provides values for ELECTRICITY PRICE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The Gas Turbine Services Market is segmented based on type, service type, capacity, service provider, and end-user. The heavy-duty gas turbine segment holds the largest market share, while the industrial and aeroderivative gas turbine segments are expected to witness significant growth during the forecast period. The maintenance and repair segment accounts for the largest share of the market, followed by the overhaul and spare parts supply segments. Recent developments include: In April 2023, General Electric (GE) announced that it had successfully acquired a contract from UCED Group (UCED). GE and UCED are partners with CREDITAS Group’s energy division, referred to as UCED Group. The new deal is intended for the development of the Prostějov reserve power plant owned by CREDITAS Group’s energy division known as UCED. This strategic decision will help to stabilize the national grid and promote renewable energy in the Czech Republic. In a major step forward, GE will deliver its LM6000 PC Sprint aero-derivative gas turbine equipment on-site in early 2024., In March 2023, Ansaldo Energia was selected by ENGIE Produzione to lead a project aimed at improving their combined cycle plant in Leinì, near Turin. It incorporates overall improvements with respect to the gas power assembly upgrade that is being conducted by Ansaldo Energia. There is extensive replacement of gas turbines, including auxiliaries such as generator sets and all necessary on-site activities. The contribution of Ansaldo Energia encompasses providing them with a novel WY23Z generator and AE 94.3A gas turbine, respectively. For this renewal endeavor, an existing plant constructed on turnkey bases in 2007 forms the basis., In April 2022, Malaysia witnessed the commissioning of Edra Energy’s 2.2 GW combined cycle power plant in Alor Gajah, Malacca, which has now become the largest gas-fired power facility in the country. The newly installed capacity consists of three units: a GE-9HA.02 gas turbine, an STF-D650 steam turbine, a W88 generator, and a heat recovery steam generator (HRSG)., Técnicas Reunidas and TSK were contracted by Comisión Federal de Electricidad (CFE) for two combined cycle plants to be built at Valladolid and Mérida in February 2022., The Gulf PD Company's power plant with six GE 9E gas turbines will be upgraded and maintained by General Electric Company, as was announced in October 2020. This project mainly aims to enhance reliability and efficiency while reducing maintenance costs for gas turbines.. Key drivers for this market are: INCREASE IN NATURAL GAS CONSUMPTION IN ELECTRICITY GENERATION, EXPANSION OF INDUSTRIAL AND MANUFACTURING SECTORS. Potential restraints include: VOLATILITY IN NATURAL GAS PRICES. Notable trends are: Increase in natural gas consumption in electricity generation is expected to propel the market growth.

This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The global liquefied natural gas (LNG) virtual pipeline market is projected to reach a value of $4.9 billion by 2033, exhibiting a CAGR of 12.11% during the forecast period (2025-2033). Key drivers for this growth include the increasing demand for LNG in remote areas, the need for flexibility and reliability in gas supply, and the growing popularity of small-scale LNG projects. The market is segmented by type, end-user industry, application, capacity, mode of operation, company, and region. Among the types, LNG trucking is expected to hold the largest market share due to its flexibility and cost-effectiveness for small-scale projects. The oil and gas industry is the largest end-user industry, followed by manufacturing and power generation. Temporary supply is the most common application, with emergency response, peak shaving, and remote power generation also gaining traction. The Asia Pacific region is expected to dominate the market throughout the forecast period, driven by the increasing demand for LNG in China and India. Recent developments include: , The global LNG virtual pipeline market is projected to reach USD 13.7 billion by 2032, exhibiting a CAGR of 12.11% during the forecast period (2024-2032). The increasing demand for natural gas as a cleaner and more efficient fuel, coupled with the growing need for reliable and flexible gas transportation solutions, is driving the market growth. Technological advancements, such as the development of smaller and more efficient liquefaction and regasification units, are further contributing to the market expansion. Key market players are actively investing in the development of LNG virtual pipeline projects to meet the rising demand for natural gas in remote and underserved areas. Partnerships and collaborations between industry participants are also expected to drive market growth in the coming years., LNG Virtual Pipeline Market Segmentation Insights, LNG Virtual Pipeline Market Type Outlook. Key drivers for this market are: Growing demand for LNG as a cleaner fuel source Rising need for cost-effective and flexible LNG transportation. Development of new technologies for virtual pipeline systems Increasing investment in LNG infrastructure Expanding the use of LNG in remote and underserved areas. Potential restraints include: LNG price volatility technological advancements infrastructure expansion government incentives rising energy demand.

Gasoline Prices in the United States increased to 0.82 USD/Liter in February from 0.81 USD/Liter in January of 2025. This dataset provides the latest reported value for - United States Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This dataset provides values for ELECTRICITY PRICE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2023, Hawaiian residents paid around 113.17 U.S. dollars per million British thermal unit for electricity, by far the highest price in the country. This was significantly more than electricity prices in California that year, which was the second most expensive U.S. state for electricity purchases. Electricity prices across economic sectors in the U.S. Residential customers in the U.S. paid the highest electricity prices compared to the other economic sectors. This commodity price in the state of Hawaii was over 25 U.S. dollar cents per kilowatt-hour above the national average of 17 U.S. dollar cents per kilowatt-hour. By comparison, the price of electricity for the industrial and the commercial sectors was considerably lower. Electricity sources in the U.S. In 2023, most of the electricity generated in the U.S. came from natural gas, with the country being a leading global producer. Due to its autonomous power sector, the U.S. experienced a relatively smaller impact on electricity prices from the 2022 energy crisis compared to other nations, particularly those in Europe. By comparison, Hawaii’s high electricity prices are a consequence of the island state’s reliance on imported oil for its power generation.