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 October 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 2024. 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 2024, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

TTF Gas fell to 27.92 EUR/MWh on December 3, 2025, down 0.17% from the previous day. Over the past month, TTF Gas's price has fallen 14.22%, and is down 40.94% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas - values, historical data, forecasts and news - updated on December of 2025.

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.

Gasoline Prices in Russia decreased to 0.83 USD/Liter in November from 0.84 USD/Liter in October 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.

In 2021, Russian Gazprom sold natural gas to non-CIS countries for an average price of **** thousand Russian rubles per thousand cubic meters. The mean gas export price more than doubled compared to the previous year.

About the Project KAPSARC is analyzing the shifting dynamics of the global gas markets, which have turned upside down during the past five years. North America has emerged as a large potential future LNG exporter while gas demand growth has been slowing down as natural gas gets squeezed between coal and renewables. While the coming years will witness the fastest LNG export capacity expansion ever seen, many questions are raised on the next generation of LNG supply, the impact of low oil and gas prices on supply and demand patterns and how pricing and contractual structure may be affected by both the arrival of U.S. LNG on global gas markets and the desire of Asian buyers for cheaper gasKey PointsAround 150 mtpa of LNG export capacity will come to global gas markets over 2015-20. While Asia seems unlikely now to be able to absorb it all, Europe emerges as a residual market for flexible volumes. The question is, therefore, which outcome(s) in the global LNG market could set the stage for a battle for market share in the European gas market between LNG suppliers and the incumbent pipeline suppliers, most importantly Russia, and how that country could respond to the potential challenge of large quantities of LNG supplies flooding European gas markets? Russia’s gas export strategy in Europe so far has been based on value maximization rather than on protecting its market share. But if increasing LNG supply to Europe becomes an extended threat to Russia’s market share, it may change its position from reactive to proactive and attempt to defend it. Whether a confrontation between Russian gas and LNG takes place and how Russia could respond depends crucially on the build-up of total LNG trade and the appetite of China for LNG. Russia has the advantage of being a low cost producer with ample spare productive capacity and underutilized pipeline capacity to Europe. A low price environment (up to $40/bbl) would actually benefit Russia more than a higher price environment, from a market share perspective, as it can reduce its prices below the variable costs of U.S. LNG and can push U.S. volumes out of the European market. In a higher price environment, U.S. LNG would continue to flow. The competition between Russian gas and U.S. LNG in Europe is also about pricing models, driven on one hand by oil market fundamentals, with some influence from Europe spot markets, and on the other hand driven by the fundamentals of the U.S. gas market and the LNG trade. The geopolitical aspect is also important. While relations between Russia and Europe have become frosty, cheap and abundant Russian gas could potentially help mend commercial ties. However, the tensions between the U.S. and Russia have been increased by the Ukraine situation, the war in Syria and sanctions. The competition between U.S. LNG and Russian pipeline gas in Europe is about more than the pure commercial aspects and will be influenced by the geopolitical standoff of the two powers.

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.

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.

View monthly updates and historical trends for European Union Natural Gas Import Price. Source: World Bank. Track economic data with YCharts analytics.

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.

Natural gas rose to 4.94 USD/MMBtu on December 3, 2025, up 2.04% from the previous day. Over the past month, Natural gas's price has risen 13.71%, and is up 62.29% compared to the same time last year, 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 December of 2025.

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.

Russia MED Forecast: Natural Gas Price: Non CIS: Conservative Scenario data was reported at 260.185 USD/1000 Cub m in 2026. This records a decrease from the previous number of 272.253 USD/1000 Cub m for 2025. Russia MED Forecast: Natural Gas Price: Non CIS: Conservative Scenario data is updated yearly, averaging 272.253 USD/1000 Cub m from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 874.219 USD/1000 Cub m in 2022 and a record low of 131.630 USD/1000 Cub m in 2020. Russia MED Forecast: Natural Gas Price: Non CIS: Conservative Scenario 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 – Forecast of The Social and Economic Development of The Russian Federation.

As a result of the Russian invasion of Ukraine in late February 2022, the value of Russian gas imports to the European Union soared. The import value of Russian gas stood at around 171.8 million euros on February 21, just days before the start of the Russia-Ukraine war. By April 4, the Russian gas import value had surged to nearly 265 million euros. While the gas import value decreased substantially in spring and summer 2022, so did the gas import volume. In effect, the European Union paid more for less gas.

Russia Consumer Price Index (CPI): Prev Month=100: Services: HU: Utilities Services: Natural Gas Supply data was reported at 100.000 Prev Mth=100 in Dec 2018. This records a decrease from the previous number of 100.030 Prev Mth=100 for Nov 2018. Russia Consumer Price Index (CPI): Prev Month=100: Services: HU: Utilities Services: Natural Gas Supply data is updated monthly, averaging 100.270 Prev Mth=100 from Jan 1995 (Median) to Dec 2018, with 288 observations. The data reached an all-time high of 156.630 Prev Mth=100 in Mar 1995 and a record low of 98.690 Prev Mth=100 in May 1996. Russia Consumer Price Index (CPI): Prev Month=100: Services: HU: Utilities Services: Natural Gas Supply 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.IA008: Consumer Price Index: Previous Month=100: Summary.

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]

View monthly updates and historical trends for Price of US Natural Gas Exports to Russia. from United States. Source: Energy Information Administration. T…

Russia MED Forecast: Natural Gas Price: Non CIS: Baseline Scenario data was reported at 295.980 USD/1000 Cub m in 2026. This records a decrease from the previous number of 308.305 USD/1000 Cub m for 2025. Russia MED Forecast: Natural Gas Price: Non CIS: Baseline Scenario data is updated yearly, averaging 308.305 USD/1000 Cub m from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 874.219 USD/1000 Cub m in 2022 and a record low of 131.630 USD/1000 Cub m in 2020. Russia MED Forecast: Natural Gas Price: Non CIS: Baseline Scenario 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 – Forecast of The Social and Economic Development of The Russian Federation.

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.