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.

Natural gas prices are the highest in the residential sector. In 2023, U.S. households paid an all time high average of 15.2 U.S. dollars per 1,000 cubic feet. Commercial natural gas costs were second-highest, while prices in the electric power sector were the lowest, at around four U.S. dollars on average. Prices for the industrial and electric power customers tend to be close to the wholesale electricity price. All sectors saw a year-on-year increase in natural gas prices in 2022 due to the decline in U.S. natural gas production in the first quarter of 2022, which resulted in high withdrawals of natural gas from storage and an increase in average natural gas prices. The growing natural gas market In recent years, the average natural gas prices for all sectors have been increasing in the United States. In 2022, the residential sector witnessed an increase in natural gas prices higher than 2008, while natural gas prices for other sectors were still lower despite increases in average natural gas prices for those sectors. Meanwhile, consumption of natural gas has increased more than any other fuel type following the 2008 Recession. Petroleum consumption has been more variable, and use of coal has significantly decreased. The price of coal and crude oil had already been increasing since the early 2000s, and was further exacerbated by the financial crisis. Around the same time, the cost of natural gas dropped significantly, making it a more viable economic alternative compared to other fossil fuels. This decrease was in part the result of drastically increased production of shale gas as a result of hydraulic fracturing and other techniques.

Winter natural gas prices in the United States are forecast to see a notable increase in 2022/23. U.S. consumers are expected to pay an average of 15.95 U.S. dollars per thousand cubic feet of natural gas. This would mean an increase of over two U.S. dollars and comes in the wake of many countries and regions currently embattled in an energy supply shortage.

The state with the highest price of natural gas for industry in 2023 was Hawaii, standing at 28.4 U.S. dollars per thousand cubic feet, a decrease when compared to the previous year. During the same year, Texas had the lowest industrial natural gas price in the country, at 2.7 U.S. dollars per thousand cubic feet. Meanwhile, the average natural gas price for industry in the U.S. stood at 7.9 U.S. dollars per thousand cubic feet in 2022.

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.

UK Gas rose to 85.31 GBp/thm on July 11, 2025, up 1.32% from the previous day. Over the past month, UK Gas's price has fallen 0.15%, but it is still 17.29% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on July of 2025.

In 2024, the industrial natural gas price in the United States was 3.93 U.S. dollars per thousand cubic feet. This was a decrease compared to the previous year. In 2008, the U.S. price of natural gas for industry peaked at 9.65 U.S. dollars per thousand cubic feet as a result of the Great Recession. Despite the increase in natural gas prices for the industry sector in recent years, natural gas prices for other sectors were much higher. Regional price variations across U.S. hubs Natural gas prices can vary significantly across different regions of the United States. In 2024, the Waha trading hub in the Permian basin recorded the lowest spot prices due to its proximity to productive oil and gas wells and limited pipeline capacity. Meanwhile, the Henry Hub, which serves as the U.S. natural gas benchmark, averaged 2.2 U.S. dollars per million British thermal units in 2024. Looking ahead, forecasts suggest that Henry Hub prices could more than double by 2026, driven by increased demand. Industry natural gas prices around the world Switzerland has some of the highest natural gas prices for the industrial sector. U.S. prices are especially low in comparison to European countries, which rely on imports. U.S. industrial natural gas consumers paid around one fourth of the price paid by Swiss consumers.

Graph and download economic data for Global price of Natural gas, EU (PNGASEUUSDM) from Jan 1990 to May 2025 about EU, gas, World, Europe, and price.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

Working gas held in storage facilities in the United States increased by 53 billion cubic feet in the week ending July 4 of 2025 . This dataset provides the latest reported value for - United States Natural Gas Stocks Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Household prices for natural gas in the United States reached 14.59 U.S. dollars per thousand cubic feet in 2024. This was a decrease compared to the previous year, which saw prices peak at more than 15 U.S. dollars. The 2023 price hikes were due to extreme winter weather events, which resulted in a decline in natural gas production and processing.

The state with the highest price of natural gas for industry in 2023 was Hawaii, standing at 28.4 U.S. dollars per thousand cubic feet, a decrease when compared to the previous year. During the same year, Texas had the lowest industrial natural gas price in the country, at 2.7 U.S. dollars per thousand cubic feet. Meanwhile, the average natural gas price for industry in the U.S. stood at 7.9 U.S. dollars per thousand cubic feet in 2022.

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© Oil_Gas_Change This layer is sourced from gis.ers.usda.gov.

United States - Natural Gas Consumption was 3243.70000 Bil. Cubic Feet in February of 2025, according to the United States Federal Reserve. Historically, United States - Natural Gas Consumption reached a record high of 3921.90000 in January of 2025 and a record low of 1368.40000 in June of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Natural Gas Consumption - last updated from the United States Federal Reserve on June of 2025.

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© Gas_Change This layer is sourced from gis.ers.usda.gov.

During the past decade, the worldwide demand for energy has continued toincrease at a rapid rate. Natural gas has emerged as a primary source of US energy. Thetechnically recoverable natural gas resources in the United States have increased fromapproximately 1,400 trillion cubic feet (Tcf) to approximately 2,100 trillion cubic feet(Tcf) in 2010. The recent declines in gas prices have created short-term uncertainties andincreased the risk of developing natural gas fields, rendering a substantial portion of thisresource uneconomical at current gas prices.

In 2020, the average current natural gas production rate stood at 6.6 billion cubic feet per day. As of the same date, Egypt had a natural gas production capacity of 7.2 billion cubic feet per day.

Residential natural gas prices in the United States amounted to 4.52 U.S. dollars per thousand cubic feet in 2021, up from 4.17 dollars per thousand cubic feet in the year prior. In 2019, figures reached the lowest price since the turn of the century, with a peak of 5.69 U.S. dollars recorded in 1985.

Natural gas prices are the highest in the residential sector. In 2024, U.S. households paid 14.59 U.S. dollars per 1,000 cubic feet, down from an all-time high of over 15.2 U.S. dollars per 1,000 cubic feet. Overall, U.S. residential natural gas prices have increased nearly tenfold since 1975. Commercial natural gas costs were second-highest, while prices in the electric power sector were the lowest, at around three U.S. dollars on average. Prices for the industrial and electric power customers tend to be close to the wholesale electricity price. The growing natural gas market U.S. natural gas consumption has increased more than any other fuel after the U.S. oil boom of the 2010s. Petroleum consumption has been more variable, and use of coal has significantly decreased. Today, natural gas is used extensively for electric power generation, with it having overtaken coal as the primary electricity generating source. This is despite coal prices being a lot less volatile and generally lower than natural gas.

According to Cognitive Market Research, the global N Methyldiethanolamine - MDEA market size is USD 781.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America holds the major market of more than 40% of the global revenue with a market size of USD 312.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounts for a share of over 30% of the global market size of USD 234.36 million.
Asia Pacific holds the market of around 23% of the global revenue with a market size of USD 179.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America holds the market of more than 5% of the global revenue with a market size of USD 39.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa holds the major market of around 2% of the global revenue with a market size of USD 15.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The oil industry holds the highest N Methyldiethanolamine - MDEA market revenue share in 2024.

Market Dynamics of N Methyldiethanolamine - MDEA Market

Key Drivers for N Methyldiethanolamine - MDEA Market

Increasing Demand for Natural Gas to Propel the Market Revenue Growth

The increasing demand for natural gas is estimated to propel the industry revenue growth over the forecast period. MDEA is widely used in natural gas processing plants for removing acidic gases like hydrogen sulfide (H2S) and carbon dioxide (CO2) from natural gas streams. With the growing global demand for natural gas as a cleaner alternative to other fossil fuels, the demand for MDEA in the gas treatment process is expected to rise. For instance, according to the U.S. Energy Information Administration, India's domestic natural gas output is expected to expand by 3.7% year on average, from 3.3 billion cubic feet per day in 2022 to 9.1 billion cubic feet per day in 2050.

(Source: https://www.eia.gov/todayinenergy/detail.php?id=61423#:~:text=We%20expect%20India's%20net%20natural,a%204.9%25%20average%20annual%20increase.&text=Note%3A%20LNG%3Dliquefied%20natural%20gas,to%20its%20natural%20gas%20imports)

Rising Demand in Textile, Paints and Medical Sector to Propel Market Growth

The explosive rise of major economies worldwide has led to the expansion of industries including textiles, paints, and medicine. Textiles, paints, and medical supplies are in greater demand due to population growth and rising living standards. MDEA is a good substitute for TEA esterquats and is frequently used as an active ingredient in fabric softeners. MDEA can be used in the paint industry to cationically modify acrylic polymer dispersions. MDEA is used to create silicone-based textile finishing agents, together with perfluoroalkyl polymers. Subsequently, MDEA is used in the medical field as a precursor for some active ingredients.

Restraint Factor for the N Methyldiethanolamine - MDEA Market

Fluctuation in Oil & Gas Prices to Limit the Sales

The oil and gas sector, which uses MDEA for gas sweetening, is a major source of demand for the substance. Demand for MDEA may decline when oil and gas companies scale back operations and investments when market conditions are poor. For instance, the COVID-19 pandemic caused oil prices to drop significantly, which affected the market for MDEA. During the projected period, this component could impede the growth of the global market for N-Methyl Diethanolamine (MDEA).

Impact of Covid-19 on the N Methyldiethanolamine - MDEA Market

The COVID-19 pandemic has had a significant impact on various industries, including the chemicals sector, which includes the market for N-Methyldiethanolamine (MDEA). The pandemic disrupted global supply chains, causing delays in the transportation of raw materials and finished products. This could have affected the availability of MDEA and other chemicals, leading to potential supply shortages or delays in project timelines for gas processing plants and other industrial facilities. Additionally, the pandemic led to changes in energy consumption patterns, with a decrease in demand for certain fuels like gasoline and jet fuel due to travel restrictions and reduced economic activity. While natural gas remained relatively resilient...