Natural gas fell to 3.62 USD/MMBtu on June 9, 2025, down 4.40% from the previous day. Over the past month, Natural gas's price has fallen 0.78%, but it is still 24.48% 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 June 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.

Interactive chart illustrating the history of Henry Hub natural gas prices. The prices shown are in U.S. dollars.

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 fell to 82.28 GBp/thm on June 9, 2025, down 3.15% from the previous day. Over the past month, UK Gas's price has fallen 1.45%, but it is still 0.95% 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 June of 2025.

The average monthly price for natural gas in the United States amounted to 4.13 nominal U.S. dollars per million British thermal units (Btu) in March 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 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.

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

Working gas held in storage facilities in the United States increased by 122 billion cubic feet in the week ending May 30 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 15.2 nominal U.S. dollars per thousand cubic feet in 2023, representing the highest price during the period in consideration. This was due to the the extreme winter weather events and freeze-offs in the United States which resulted in a decline in natural gas production.

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 Oman Oil and Gas market size was valued at USD 4.36 million in 2025 and is expected to grow at a CAGR of 2.40% during the forecast period 2025-2033. Oman is the largest producer of oil and gas in the Middle East outside the Gulf Cooperation Council (GCC), with significant reserves of both commodities. The country's oil production has been steadily increasing in recent years, reaching a record high of 1.02 million barrels per day in 2022. Oman's natural gas production has also been growing, with the country currently producing around 10 billion cubic meters of gas per year. Key drivers of growth in the Oman Oil and Gas market include rising energy demand, increasing investment in exploration and production, and the development of new oil and gas fields. The government of Oman is also taking steps to diversify the country's economy away from oil and gas, which should create new opportunities for growth in the sector. Restraints on the growth of the Oman Oil and Gas market include the volatility of oil prices, the impact of climate change, and the emergence of renewable energy sources. Recent developments include: April 2023: Masirah Oil, a subsidiary of Singapore-headquartered independent Rex International, announced to explore its flagship asset offshore Oman, with its sights set on a production boost from the block 50 purchases. In addition, a block-wide review of exploration potential would be performed. Based on the results of an exploration review at Block 50, planning for acquiring additional targeted seismic would be implemented., March 2023: The Omani Ministry of Energy & Minerals offered domestic and international investors three oil and gas exploration areas as part of its latest licensing round. The tracts offered blocks 15, 36, and 54, where multiple companies have conducted seismic and drilling activities., January 2023: Shell Integrated Gas Oman BV, a subsidiary of Shell PLC, announced the beginning of gas production from the Mabrouk North Eastfield in Block 10 in Oman. Production from Block 10 is expected to touch 0.5 billion standard cubic feet of gas per day (bscf/d) by mid-2024, with the produced gas supplied to Oman's gas network that feeds local industries.. Key drivers for this market are: 4., Increasing Gas Production and Infrastructure4.; Increasing Exploration and Production Activities. Potential restraints include: 4., Increasing Gas Production and Infrastructure4.; Increasing Exploration and Production Activities. Notable trends are: Upstream Sector to Dominate the Market.

{"definition": "Change in production, 2011 value minus 2000 value, valued at $57.90 per barrel for oil and $5.80 per 1,000 cubic foot (Mcf) for natural gas; H_Growth (value of 2 in data download): 2011 value - 2000 value >= $20 million; H_Decline (value of 9 in data download): 2011 value - 2000 value <= -$20 million; Status Quo (value of 0 in data download): 2011 value - 2000 value change <+/- $20 million, or no data", "availableYears": "2000-2011", "name": "Change in the value of onshore oil and natural gas production, 2000-11", "units": "Number", "shortName": "Oil_Gas_Change", "geographicLevel": "County", "dataSources": "ERS-USDA, State agency data on gas production. See County-level Oil and Gas Production in the U.S."}

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

{"definition": "Change in production, 2011 value minus 2000 value, valued at $5.80 per 1,000 cubic foot- Mcf. H_Growth -value of 2 in data download: 2011 value - 2000 value >= $20 million; H_Decline -value of 9 in data download: 2011 value 2000 val <= -$20 million; Status Quo (value of 0 in data download): 2011 value - 2000 value change <+/- $20 million, or no data", "availableYears": "2000-2011", "name": "Change in the value of onshore natural gas production, 2000-11", "units": "Number", "shortName": "Gas_Change", "geographicLevel": "County", "dataSources": "ERS-USDA, State agency data on gas production. See County-level Oil and Gas Production in the U.S."}

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

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.

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.

The size of the Colombia Oil & Gas Midstream Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 1.52">> 1.52% during the forecast period. The midstream sector of Colombia's oil and gas industry serves as a vital element within the nation's energy framework, concentrating on the transportation, storage, and distribution of hydrocarbons. This sector includes the necessary infrastructure and services to facilitate the movement of oil and gas from extraction sites to refineries, processing plants, and final consumers. Given Colombia's substantial hydrocarbon reserves, especially in the Llanos Basin and the Putumayo region, the midstream market holds significant importance. The industry operates through a comprehensive network of pipelines, storage facilities, and transportation systems, ensuring the effective and secure delivery of oil and gas products. Recent advancements feature investments aimed at expanding and upgrading pipelines to enhance both capacity and reliability. Furthermore, there is an increasing focus on modernizing infrastructure to improve operational efficiency and promote environmental sustainability. The market encounters challenges such as volatile global oil prices, regulatory ambiguities, and sporadic security concerns related to infrastructure. Nevertheless, Colombia's strategic role as a prominent energy exporter in the region, along with its ongoing initiatives to attract investment and elevate industry standards, fosters a favorable outlook for the midstream sector. As the nation progresses in developing its oil and gas resources, the midstream industry will be essential in bolstering economic growth and ensuring energy security. Recent developments include: October 2022: The construction of a 289-km OD natural gas pipeline from Canacol Energy Ltd's 300-MMscfd Jobo gas processing plant to Medellin, Colombia, was contracted out to Shanghai Engineering and Technology Corp. (SETCO). The pipeline's initial capacity is expected to be 100 MMscfd., May 2022: The Jobo-Medelln natural gas pipeline is to start construction, according to Colombian gas company Canacol. By December 2024, the 300-km (186-mile) pipeline is anticipated to be operational, carrying 100 million cubic feet per day (MMcf/d) of natural gas from natural gas resources along the Caribbean coast to Colombia's second-largest city.. Key drivers for this market are: , Government Policies for the Adoption of Energy-efficient Lighting Systems; Adoption of IoT with Lighting Systems. Potential restraints include: 4., The global shift toward renewable sources for electricity generation. Notable trends are: Pipeline Sector is Likely to Remain Stagnant.

The global glycol dehydration unit market is experiencing robust growth, driven by the increasing demand for natural gas and the expansion of oil and gas exploration and production activities worldwide. The market's value, while not explicitly stated, can be reasonably estimated based on typical industry growth rates and the mentioned CAGR (Compound Annual Growth Rate). Considering a substantial market presence and the numerous companies involved, a 2025 market size of approximately $2.5 billion seems plausible, given the various applications and capacities involved. This substantial size is further fueled by ongoing investments in upstream and downstream sectors of the energy industry, including refinery expansions and the development of new chemical plants. The market is segmented by application (natural gas, refineries, chemical plants, offshore production) and capacity (categorized by MSCFD—thousand standard cubic feet per day). The higher capacity segments are likely showing stronger growth due to the efficiency gains they offer large-scale operations. Technological advancements leading to more efficient and compact dehydration units, alongside rising concerns about environmental regulations, are also key drivers. However, market growth faces certain constraints. Fluctuations in energy prices, geopolitical instability impacting oil and gas production, and potential supply chain disruptions can affect market expansion. The competitive landscape is characterized by established players like Exterran, Schlumberger, and Enerflex, alongside several regional and specialized manufacturers. This competition is fostering innovation and driving down costs, benefiting end-users. Future growth will hinge on sustained investment in energy infrastructure, the continued demand for natural gas, and the successful navigation of regulatory and economic uncertainties. Further regional diversification of manufacturing and sales could also become a crucial factor in driving future market penetration. The forecast period (2025-2033) suggests continued expansion, but accurate projection depends heavily on macro-economic and geopolitical factors.

Non-assisted flares are a significant fraction of the flares in use today, but there are few studies at real-world conditions. The current work presents a novel indoor testing facility for characterizing non-assisted flares including the effects of crosswind. Multiple flare designs were tested using flare gas flow rates from 1.8 to 113 thousand standard cubic feet per day (MSCFD) with natural gas and propane at crosswind speeds from 0 to 13.1 miles per hour (MPH). Combustion efficiency (CE) and destruction removal efficiency of methane (DRECH4) were determined for all operating conditions. CE > 98% was observed for low crosswind conditions for all flare geometries; however, the 3-in. pipe flare underperformed (CE < 96.5%) for natural gas at higher wind speeds and lower flare gas flow rates (e.g., 6.8 MSCFD and >4.6 MPH). Engineered burners significantly improved performance. The results are discussed in the context of EPA assumptions, prior pipe flare wind-tunnel studies, and proposed scaling relations.

The size of the Ecuador Oil and Gas Midstream Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 1.03% during the forecast period. The oil and gas midstream market refers to the sector that encompasses the transportation, storage, and processing of crude oil, natural gas, and refined petroleum products. This segment acts as a crucial link between the upstream sector, which involves exploration and production, and the downstream sector, which focuses on refining and distribution. Midstream activities include the construction and operation of pipelines, storage facilities, and processing plants that facilitate the movement of hydrocarbons from production sites to refineries and end-users. Pipelines are the primary mode of transport in the midstream sector, as they provide a cost-effective and efficient means of moving large volumes of oil and gas over long distances. Storage facilities, on the other hand, play a vital role in managing supply and demand fluctuations, allowing companies to store excess production during low-demand periods and release it during peak demand times. Additionally, processing facilities are essential for removing impurities from raw hydrocarbons and converting them into market-ready products. Recent developments include: Oct 2022: Ecuador's state-run oil firm Petroecuador anticipates choosing a contractor to increase the Amistad offshore gas field's production capacity. To boost the field's natural gas production from its present level of 100 million cubic feet per day (mmcfd) to 24 mmcfd, the selected contractor would invest at least USD 500 million. The growing natural gas production will support the growth of natural gas supply and transportation across the country., Mar 2022: Frontera Energy Corporation announced that it had found 27.2 degrees API light crude oil on the Perico block at the Tui-1 exploration well in Ecuador.. Key drivers for this market are: 4., The Growing Demand for Solar Energy-Based Power Generation4.; Declining Photovoltaic System Prices. Potential restraints include: 4., The Country's Inefficient Electricity Grid Infrastructure. Notable trends are: Transportation Sector to Witness Growth.