Russia Average Export Price: Natural Gas data was reported at 251.200 USD/1000 Cub m in Nov 2018. This records a decrease from the previous number of 260.800 USD/1000 Cub m for Oct 2018. Russia Average Export Price: Natural Gas data is updated monthly, averaging 217.550 USD/1000 Cub m from Dec 1999 (Median) to Nov 2018, with 228 observations. The data reached an all-time high of 414.700 USD/1000 Cub m in Nov 2011 and a record low of 65.500 USD/1000 Cub m in Dec 1999. Russia Average Export Price: Natural Gas data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.PC001: Average Export 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.

Russia Wholesale Price: Natural Gas: Industry data was reported at 3,506.000 RUB/1000 Cub m in 2013. This records an increase from the previous number of 3,049.000 RUB/1000 Cub m for 2012. Russia Wholesale Price: Natural Gas: Industry data is updated yearly, averaging 2,665.000 RUB/1000 Cub m from Dec 2008 (Median) to 2013, with 6 observations. The data reached an all-time high of 3,506.000 RUB/1000 Cub m in 2013 and a record low of 1,690.000 RUB/1000 Cub m in 2008. Russia Wholesale Price: Natural Gas: Industry data remains active status in CEIC and is reported by Federal Tariff Service (FTS of Russia). The data is categorized under Russia Premium Database’s Prices – Table RU.PE001: Wholesale Price: Natural Gas: Annual.

Gasoline Prices in Russia increased to 0.79 USD/Liter in June from 0.76 USD/Liter in May of 2025. This dataset provides the latest reported value for - Russia Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

TTF Gas rose to 35.70 EUR/MWh on July 14, 2025, up 0.39% from the previous day. Over the past month, TTF Gas's price has fallen 5.77%, but it is still 12.68% higher than a year ago, 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 July of 2025.

In 2021, Russia exported around 55.5 billion U.S. dollars' worth of natural gas to other countries worldwide. The export value more than doubled compared to the previous year. The highest natural gas export value over the observed period was recorded at 69.11 billion U.S. dollars in 2008. Gazprom's monopoly in Russian gas export Gazprom is a Russian energy corporation established in 1989 and co-owned by the government. The company has the monopoly on the country's gas export market through a clause in the Federal Tax Code, thus limiting access of domestic competitors, such as Rosneft and Novatek, to international markets. The leading gas company in Russia, Gazprom is also the global leader in gas production by output, measured at nearly 40 billion cubic feet daily in 2020. Besides exploration and production, the company is engaged in marketing, transportation, distribution, and other supply chain components. In 2019, Gazprom accounted for nearly 11 percent of the world's natural gas output. The company is an example of a national champion, as the corporation advances Russia's interests and accounts for over five percent of the country's GDP. Gas exports from Russia to China Russian gas exports to non-CIS countries, including China, saw a decrease in 2019 and 2020. In May 2014, Russia signed a 400 billion U.S. dollars contract with China, the biggest natural gas deal since the collapse of the USSR. Under the contract, Gazprom was to annually supply 38 billion cubic meters of natural gas for over 30 years at a cost of 350 U.S. dollars per thousand cubic meters. In 2019, Gazprom commenced the first pipeline gas supplies to China via the pipeline Power of Siberia. In February 2022, Gazprom and Chinese CNPC agreed on a 30-year gas supply deal, increasing supplies by 10 billion cubic meters per year.

Russia Average World Price: Natural Gas data was reported at 258.800 USD/1000 Cub m in May 2018. This records a decrease from the previous number of 281.200 USD/1000 Cub m for Apr 2018. Russia Average World Price: Natural Gas data is updated monthly, averaging 302.400 USD/1000 Cub m from Sep 2004 (Median) to May 2018, with 165 observations. The data reached an all-time high of 576.700 USD/1000 Cub m in Jan 2009 and a record low of 137.100 USD/1000 Cub m in Sep 2004. Russia Average World Price: Natural Gas data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty.

Natural gas producers are facing turbulent times. Europe has traditionally relied on Russia and Norway as internal sources of natural gas, while countries such as the US, Qatar and Algeria are major sources of imports (although accounting for a much smaller share of overall consumption). Russia’s invasion of Ukraine has shaken up Europe’s natural gas supply structure, with European governments making efforts to reduce their dependence on Russian gas supplies. Revenue is forecast to swell at a compound annual rate of 16.2% to €113.9 billion over the five years through 2025. Revenue expanded in 2021 and 2022 as a sharp hike in natural gas prices and a post-pandemic rise in demand drove an increase in exploration and production activity. Russia’s invasion of Ukraine led to a spike in natural gas prices, with the impacts of reduced demand for gas and a decrease in Russian gas production outweighed by soaring wholesale prices and heightened demand for other natural gas reserves, spurring a jump in revenue. An ongoing reduction in demand for natural gas and easing prices caused revenue to dip in 2023 and 2024. In 2025, revenue is slated to bounce back by 53.3% owing to geopolitical uncertainties, including trade wars and fresh sanctions on Russia, buoying natural gas prices. Revenue is forecast to rise at a compound annual rate of 2.3% over the five years through 2030 to just under €128 billion. The gas market will continue to be shaped by geopolitical tensions into the medium term, with the International Energy Agency expecting natural gas prices to remain high until 2025 as countries continue to shift their supply structure. Following this, natural gas demand and prices are set to fall as Europe continues to expand its renewables capacity.

Countries in Europe have some of the highest natural gas prices for the industry in the world. In the second quarter of 2024, industrial customers in Switzerland paid approximately 0.16 U.S. dollars per megawatt hour worth of natural gas. This was considerably higher than the price of gas in natural gas producing countries such as Russia and Algeria. Determining natural gas prices Like other commodities, natural gas prices are driven by supply and demand trends. In some instances, they may also reflect developments within the oil market, as both commodities are often produced together. Natural gas prices are volatile. Seeing as the consumption of natural gas is often without alternative (e.g. within power plants), short-term changes to supply and demand have huge repercussions for the market. Weather is also a common determinant of natural gas prices. Unprecedented heat waves in the U.S. have driven up electricity demand for air conditioning and affected weekly Henry Hub natural gas prices in the hotter summer months. Natural gas demand Primary energy demand generated by natural gas worldwide is highest in North America. Nevertheless, forecasts suggest that the Asia Pacific region will experience a doubling in such demand by 2050 and overtake consumers in North America. The United States is still leading a ranking of world natural gas consumption by country. However, China has increased its LNG and gas pipeline investment portfolio, which could see it becoming an even greater consumer in the future.

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.

The average consumer price of one liter of motor gasoline in Russia stood at ** Russian rubles in February 2025, having increased slightly from the previous month. The monthly price saw a decline in January 2025.

Russia: Gasoline prices at the pump, in dollars per liter: The latest value from 2016 is 0.59 dollars, a decline from 0.81 dollars in 2014. In comparison, the world average is 0.98 dollars, based on data from 165 countries. Historically, the average for Russia from 1995 to 2016 is 0.61 dollars. The minimum value, 0.28 dollars, was reached in 1998 while the maximum of 0.99 dollars was recorded in 2012.

Russia Avg Producer Price: OKPD2: Energy: Natural Gas data was reported at 3,391.150 RUB/1000 Cub m in Mar 2025. This records a decrease from the previous number of 3,395.140 RUB/1000 Cub m for Feb 2025. Russia Avg Producer Price: OKPD2: Energy: Natural Gas data is updated monthly, averaging 2,090.310 RUB/1000 Cub m from Jan 2017 (Median) to Mar 2025, with 99 observations. The data reached an all-time high of 3,842.570 RUB/1000 Cub m in Sep 2023 and a record low of 1,533.720 RUB/1000 Cub m in Feb 2018. Russia Avg Producer Price: OKPD2: Energy: Natural Gas data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.RBL008: Average Producer Price: Energy. [COVID-19-IMPACT]

Russia Avg Purchasing Price: OKPD2: Natural Gas data was reported at 5,318.860 RUB/1000 Cub m in Dec 2018. This records an increase from the previous number of 5,233.670 RUB/1000 Cub m for Nov 2018. Russia Avg Purchasing Price: OKPD2: Natural Gas data is updated monthly, averaging 5,113.145 RUB/1000 Cub m from Jan 2017 (Median) to Dec 2018, with 24 observations. The data reached an all-time high of 5,318.860 RUB/1000 Cub m in Dec 2018 and a record low of 4,904.720 RUB/1000 Cub m in Jun 2017. Russia Avg Purchasing Price: OKPD2: Natural Gas data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.RBL011: Average Purchasing Price: Energy.

Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Russia (RUSCPGREN01GPQ) from Q1 2012 to Q4 2021 about Russia, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

Russia Gazprom: Year to Date: Cost of Goods & Services Sold data was reported at -682,805,889.000 RUB th in Mar 2018. This records an increase from the previous number of -2,546,878,828.000 RUB th for Dec 2017. Russia Gazprom: Year to Date: Cost of Goods & Services Sold data is updated quarterly, averaging -583,684,056.000 RUB th from Sep 2001 (Median) to Mar 2018, with 67 observations. The data reached an all-time high of -61,314,665.000 RUB th in Mar 2002 and a record low of -2,546,878,828.000 RUB th in Dec 2017. Russia Gazprom: Year to Date: Cost of Goods & Services Sold data remains active status in CEIC and is reported by Company Financial Statement. The data is categorized under Russia Premium Database’s Mining and Quarrying Sector – Table RU.BAJ001: Company Financial Data: Natural Gas: Gazprom.

Over the considered period of time, the average price paid for gas imported from Russia peaked in October 2022 at nearly *** euros per megawatt hour in Hungary. By comparison, the price of Russian import gas totaled approximately ** euros per megawatt hour in the corresponding period of the previous year.

Natural gas producers are facing turbulent times. Europe has traditionally relied on Russia and Norway as internal sources of natural gas, while countries such as the US, Qatar and Algeria are major sources of imports (although accounting for a much smaller share of overall consumption). Russia’s invasion of Ukraine has shaken up Europe’s natural gas supply structure, with European governments making efforts to reduce their dependence on Russian gas supplies. Revenue is forecast to swell at a compound annual rate of 16.2% to €113.9 billion over the five years through 2025. Revenue expanded in 2021 and 2022 as a sharp hike in natural gas prices and a post-pandemic rise in demand drove an increase in exploration and production activity. Russia’s invasion of Ukraine led to a spike in natural gas prices, with the impacts of reduced demand for gas and a decrease in Russian gas production outweighed by soaring wholesale prices and heightened demand for other natural gas reserves, spurring a jump in revenue. An ongoing reduction in demand for natural gas and easing prices caused revenue to dip in 2023 and 2024. In 2025, revenue is slated to bounce back by 53.3% owing to geopolitical uncertainties, including trade wars and fresh sanctions on Russia, buoying natural gas prices. Revenue is forecast to rise at a compound annual rate of 2.3% over the five years through 2030 to just under €128 billion. The gas market will continue to be shaped by geopolitical tensions into the medium term, with the International Energy Agency expecting natural gas prices to remain high until 2025 as countries continue to shift their supply structure. Following this, natural gas demand and prices are set to fall as Europe continues to expand its renewables capacity.

United States Natural Gas Exports: Avg Price: LNG: To Russia: From Kenai, Alaska data was reported at 12.120 USD/1000 Cub ft in 2007. United States Natural Gas Exports: Avg Price: LNG: To Russia: From Kenai, Alaska data is updated yearly, averaging 12.120 USD/1000 Cub ft from Dec 2007 (Median) to 2007, with 1 observations. The data reached an all-time high of 12.120 USD/1000 Cub ft in 2007 and a record low of 12.120 USD/1000 Cub ft in 2007. United States Natural Gas Exports: Avg Price: LNG: To Russia: From Kenai, Alaska data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P016: Natural Gas Export Price: Liquefied Natural Gas: Annual.

Russia produced ***** billion cubic meters of natural gas in 2024, having increased the volume by *** percent compared to the previous year. It ranked as the second-largest producer of this fossil fuel worldwide. How has COVID-19 affected the Russian natural gas production? The global coronavirus (COVID-19) pandemic led to a decline in the U.S. natural gas prices and a higher demand for liquified natural gas (LNG), which meant increased competition for Russian energy producers. Furthermore, European countries were forecast to see a decrease in natural gas demand due to the lockdown. Russia's major company in the industry, Gazprom decreased its export volume to non-CIS countries in Europe to *** billion cubic meters in 2020. How much natural gas does Russia export? Russia exported around *** billion cubic meters of natural gas via pipelines in 2023. The export volume of liquefied natural gas (LNG) in the country reached **** billion cubic meters in the same year. The major export destination of the Russian natural gas was China, which was followed by Turkey and Germany.