84 datasets found
  1. Procurement cost of natural gas in Spain 2024, by month

    • statista.com
    Updated Jul 11, 2025
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    Statista (2025). Procurement cost of natural gas in Spain 2024, by month [Dataset]. https://www.statista.com/statistics/1320867/monthly-natural-gas-procurement-prices-spain/
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    Dataset updated
    Jul 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2018 - Dec 2024
    Area covered
    Spain
    Description

    Procurement prices of natural gas in Spain have been on a mostly stable trend throughout 2024, oscillating around ** euros per megawatt-hours. Prior to this, natural gas procurement prices in the Mediterranean country experienced a great increase between 2021 and 2022. In the latter year, the average natural gas procurement price amounted to roughly ** euros per megawatt-hours, peaking at ***** euros per megawatt-hours in September. By contrast, Spain's average procurement price of natural gas in 2020 was around ***** euros per megawatt-hours. Why are gas prices so high? One main reason behind natural gas prices soaring in the last couple of years is the post-pandemic economic recovery. As coronavirus restrictions were lifted and many industrial and commercial sectors resumed activity simultaneously, there was a sudden demand for energy. This led to a global energy supply shortage, which was further aggravated by Russia’s invasion of Ukraine in February 2022. The natural gas sector in Spain Spain has a negligible production volume of natural gas that has been on a downward trend over the past years. Meanwhile, the import volume into the Mediterranean country has seen a mostly growing tendency. Spain’s main trading partner is Algeria, which accounts for nearly one third of the overall import volume. Altogether, natural gas constitutes an important source of energy in Spain, representing over ** percent of the primary energy consumption, and coming only second to oil.

  2. Natural gas prices for households in Spain 2014-2023

    • statista.com
    Updated Feb 28, 2025
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    Statista (2025). Natural gas prices for households in Spain 2014-2023 [Dataset]. https://www.statista.com/statistics/418016/natural-gas-prices-for-households-in-spain/
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    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Spain
    Description

    Natural gas prices for household end users (including taxes, levies, and VAT) in Spain decreased to 0.1 euro cents per kWh in the second half of 2023. This means a decline of 0.01 euro cents per kWh.The prices include gas basic price, transmission, system services, meter rental, distribution and other services.Find more statistics on other topics about Spain with key insights such as natural gas prices for household end users incl. tax.

  3. S

    Spain ES: Natural Gas Price: NH: Between 10000 & 99999 GJ: excl VAT & Other...

    • ceicdata.com
    Updated Feb 15, 2025
    + more versions
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    CEICdata.com (2025). Spain ES: Natural Gas Price: NH: Between 10000 & 99999 GJ: excl VAT & Other Recoverable Taxes & Levies [Dataset]. https://www.ceicdata.com/en/spain/natural-gas-price-nonhousehold-consumers/es-natural-gas-price-nh-between-10000--99999-gj-excl-vat--other-recoverable-taxes--levies
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2018 - Jun 1, 2024
    Area covered
    Spain
    Description

    Spain ES: Natural Gas Price: NH: Between 10000 & 99999 GJ: excl VAT & Other Recoverable Taxes & Levies data was reported at 0.051 EUR/kWh in Dec 2024. This records an increase from the previous number of 0.044 EUR/kWh for Jun 2024. Spain ES: Natural Gas Price: NH: Between 10000 & 99999 GJ: excl VAT & Other Recoverable Taxes & Levies data is updated semiannually, averaging 0.031 EUR/kWh from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 0.105 EUR/kWh in Dec 2022 and a record low of 0.024 EUR/kWh in Dec 2020. Spain ES: Natural Gas Price: NH: Between 10000 & 99999 GJ: excl VAT & Other Recoverable Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Spain – Table ES.Eurostat: Natural Gas Price: Non-Household Consumers.

  4. Natural gas prices for industry in Spain 2019-2023

    • statista.com
    Updated Jul 10, 2025
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    Statista (2025). Natural gas prices for industry in Spain 2019-2023 [Dataset]. https://www.statista.com/statistics/1463975/natural-gas-prices-for-industry-in-spain/
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    Dataset updated
    Jul 10, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Spain
    Description

    The natural gas prices for non-household end users in Spain with an average consumption between 1,000 and 10,000 gigajoules decreased to **** euro cents per kilowatt hour in the second half of 2023. Natural gas prices for customers with a consumption between 10,000 and 100,000 GJ stood at **** euro cents per kilowatt hour.

  5. T

    EU Natural Gas TTF - Price Data

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +12more
    csv, excel, json, xml
    Updated Aug 22, 2025
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    TRADING ECONOMICS (2025). EU Natural Gas TTF - Price Data [Dataset]. https://tradingeconomics.com/commodity/eu-natural-gas
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    json, csv, xml, excelAvailable download formats
    Dataset updated
    Aug 22, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 12, 2010 - Aug 22, 2025
    Area covered
    World
    Description

    TTF Gas rose to 33.45 EUR/MWh on August 22, 2025, up 0.59% from the previous day. Over the past month, TTF Gas's price has risen 2.33%, but it is still 8.61% lower 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 August of 2025.

  6. Spain: industry prices of natural gas 2008-2021

    • statista.com
    Updated Jul 11, 2025
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    Statista (2025). Spain: industry prices of natural gas 2008-2021 [Dataset]. https://www.statista.com/statistics/595609/natural-gas-price-spain/
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    Dataset updated
    Jul 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Spain
    Description

    In the first half of 2021, natural gas price for industries in Spain with an annual consumption between 100 thousand and *********** gigajoule stood at **** euro cents per kilowatt hour. Figures for a consumption of less than 100 thousand gigajoule stood at **** euro cents per kilowatt hour. In the period of consideration, prices for natural gas for industries with an annual consumption of less than 100,000 gigajoule reached a peak in 2013 going from ***** euro cents per kilowatt hour in 2008 to **** euro cents per kilowatt hour. In 2017 the prices had a slight decrease falling to **** euro cents per kilowatt. In the case of an annual consumption of more than 100,000 gigajoule and less than ********* gigajoule, the behavior of the prices for this period of time is similar.

  7. S

    Spain ES: Natural Gas Price: NH: Between 100000 & 999999 GJ: excl Taxes &...

    • ceicdata.com
    Updated Sep 30, 2024
    + more versions
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    CEICdata.com (2024). Spain ES: Natural Gas Price: NH: Between 100000 & 999999 GJ: excl Taxes & Levies [Dataset]. https://www.ceicdata.com/en/spain/natural-gas-price-nonhousehold-consumers/es-natural-gas-price-nh-between-100000--999999-gj-excl-taxes--levies
    Explore at:
    Dataset updated
    Sep 30, 2024
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2018 - Jun 1, 2024
    Area covered
    Spain
    Description

    Spain ES: Natural Gas Price: NH: Between 100000 & 999999 GJ: excl Taxes & Levies data was reported at 12.158 EUR/GJ in Dec 2024. This records an increase from the previous number of 10.164 EUR/GJ for Jun 2024. Spain ES: Natural Gas Price: NH: Between 100000 & 999999 GJ: excl Taxes & Levies data is updated semiannually, averaging 7.569 EUR/GJ from Dec 2007 (Median) to Dec 2024, with 35 observations. The data reached an all-time high of 29.615 EUR/GJ in Dec 2022 and a record low of 5.079 EUR/GJ in Dec 2020. Spain ES: Natural Gas Price: NH: Between 100000 & 999999 GJ: excl Taxes & Levies data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Spain – Table ES.Eurostat: Natural Gas Price: Non-Household Consumers.

  8. S

    Spain Natural gas consumption - data, chart | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Apr 12, 2025
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    Globalen LLC (2025). Spain Natural gas consumption - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Spain/natural_gas_consumption/
    Explore at:
    csv, excel, xmlAvailable download formats
    Dataset updated
    Apr 12, 2025
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1980 - Dec 31, 2023
    Area covered
    Spain
    Description

    Spain: Natural gas consumption: The latest value from 2023 is 1.114 quadrillion Btu, a decline from 1.256 quadrillion Btu in 2022. In comparison, the world average is 0.788 quadrillion Btu, based on data from 189 countries. Historically, the average for Spain from 1980 to 2023 is 0.742 quadrillion Btu. The minimum value, 0.064 quadrillion Btu, was reached in 1980 while the maximum of 1.539 quadrillion Btu was recorded in 2008.

  9. Forecast: Petroleum and Natural Gas Extraction Support Activities Production...

    • reportlinker.com
    Updated Apr 5, 2024
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    ReportLinker (2024). Forecast: Petroleum and Natural Gas Extraction Support Activities Production Value in Spain 2024 - 2028 [Dataset]. https://www.reportlinker.com/dataset/9e8a458b54cb554e3139cc1e47fb53811171bf8c
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    Dataset updated
    Apr 5, 2024
    Dataset authored and provided by
    ReportLinker
    License

    Attribution-NonCommercial 4.0 (CC BY-NC 4.0)https://creativecommons.org/licenses/by-nc/4.0/
    License information was derived automatically

    Area covered
    Spain
    Description

    Forecast: Petroleum and Natural Gas Extraction Support Activities Production Value in Spain 2024 - 2028 Discover more data with ReportLinker!

  10. S

    Spain Natural gas production - data, chart | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Apr 16, 2025
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    Globalen LLC (2025). Spain Natural gas production - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Spain/natural_gas_production/
    Explore at:
    csv, xml, excelAvailable download formats
    Dataset updated
    Apr 16, 2025
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1980 - Dec 31, 2023
    Area covered
    Spain
    Description

    Spain: Natural gas production: The latest value from 2023 is 0.001 quadrillion Btu, a decline from 0.002 quadrillion Btu in 2022. In comparison, the world average is 0.802 quadrillion Btu, based on data from 189 countries. Historically, the average for Spain from 1980 to 2023 is 0.012 quadrillion Btu. The minimum value, 0 quadrillion Btu, was reached in 1980 while the maximum of 0.063 quadrillion Btu was recorded in 1989.

  11. Monthly natural gas prices in the United States and Europe 2015-2025

    • statista.com
    Updated Aug 12, 2025
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    Statista (2025). Monthly natural gas prices in the United States and Europe 2015-2025 [Dataset]. https://www.statista.com/statistics/673333/monthly-prices-for-natural-gas-in-the-united-states-and-europe/
    Explore at:
    Dataset updated
    Aug 12, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    May 2015 - Jul 2025
    Area covered
    United States, Europe
    Description

    The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in July 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 2024, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

  12. T

    Spain - Gas prices: Non-household, medium size consumers

    • tradingeconomics.com
    csv, excel, json, xml
    Updated May 21, 2021
    + more versions
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    TRADING ECONOMICS (2021). Spain - Gas prices: Non-household, medium size consumers [Dataset]. https://tradingeconomics.com/spain/gas-prices-non-household-medium-size-consumers-eurostat-data.html
    Explore at:
    json, csv, xml, excelAvailable download formats
    Dataset updated
    May 21, 2021
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    Spain
    Description

    Spain - Gas prices: Non-household, medium size consumers was EUR11.66 Gigajoule (gross calorific value - GCV) in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - Gas prices: Non-household, medium size consumers - last updated from the EUROSTAT on August of 2025. Historically, Spain - Gas prices: Non-household, medium size consumers reached a record high of EUR19.00 Gigajoule (gross calorific value - GCV) in December of 2022 and a record low of EUR6.16 Gigajoule (gross calorific value - GCV) in December of 2021.

  13. F

    Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline):...

    • fred.stlouisfed.org
    json
    Updated Nov 17, 2023
    + more versions
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    (2023). Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Spain [Dataset]. https://fred.stlouisfed.org/series/CPGREN01ESQ657N
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    jsonAvailable download formats
    Dataset updated
    Nov 17, 2023
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    Spain
    Description

    Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Spain (CPGREN01ESQ657N) from Q1 1976 to Q3 2023 about Spain, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

  14. F

    Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline):...

    • fred.stlouisfed.org
    json
    Updated Feb 14, 2023
    + more versions
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    (2023). Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Spain [Dataset]. https://fred.stlouisfed.org/series/CPGREN01ESA657N
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Feb 14, 2023
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    Spain
    Description

    Graph and download economic data for Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Spain (CPGREN01ESA657N) from 1976 to 2022 about Spain, fuels, electricity, energy, gas, CPI, price index, indexes, and price.

  15. F

    Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat...

    • fred.stlouisfed.org
    json
    Updated Aug 20, 2025
    + more versions
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    (2025). Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for Spain [Dataset]. https://fred.stlouisfed.org/series/ELGAS0ESM086NEST
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    jsonAvailable download formats
    Dataset updated
    Aug 20, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    Spain
    Description

    Graph and download economic data for Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for Spain (ELGAS0ESM086NEST) from Jan 1996 to Jul 2025 about heating, Spain, fuels, electricity, energy, harmonized, gas, CPI, price index, indexes, and price.

  16. T

    Spain - Harmonised index of consumer prices (HICP): Natural gas and town gas...

    • tradingeconomics.com
    csv, excel, json, xml
    Updated Aug 6, 2021
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    TRADING ECONOMICS (2021). Spain - Harmonised index of consumer prices (HICP): Natural gas and town gas [Dataset]. https://tradingeconomics.com/spain/harmonised-idx-of-consumer-prices-hicp-natural-gas-town-gas-eurostat-data.html
    Explore at:
    json, xml, excel, csvAvailable download formats
    Dataset updated
    Aug 6, 2021
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1976 - Dec 31, 2025
    Area covered
    Spain
    Description

    Spain - Harmonised index of consumer prices (HICP): Natural gas and town gas was 91.41 points in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Spain - Harmonised index of consumer prices (HICP): Natural gas and town gas - last updated from the EUROSTAT on July of 2025. Historically, Spain - Harmonised index of consumer prices (HICP): Natural gas and town gas reached a record high of 115.49 points in September of 2022 and a record low of 84.30 points in December of 2023.

  17. Z

    Domestic space heating dynamic costs under different technologies and energy...

    • data.niaid.nih.gov
    • zenodo.org
    Updated Jun 10, 2021
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    de Agustin Camacho, Pablo (2021). Domestic space heating dynamic costs under different technologies and energy tariffs: Case study in Spain (dataset) [Dataset]. https://data.niaid.nih.gov/resources?id=ZENODO_4916271
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    Dataset updated
    Jun 10, 2021
    Dataset provided by
    Garrido-Marijuan, Antonio
    Eguiarte, Olaia
    de Agustin Camacho, Pablo
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    Spain
    Description

    The data in this dataset is derived from the study published in https://doi.org/10.1016/j.egyr.2020.11.112 .

    Data shows hourly heating costs for covering the heating demand of an average dwelling in Madrid (Spain) during 2018-2019 heating season (from 01/10/18 to 31/03/19) through different technologies. A conventional gas boiler and an air-to-air heat pump were selected; additionally, three different electric tariffs were selected: dTOU, RTP and a static tariff.

    One file is provided as a xlsx file with the following hourly features:

    Date

    Hour

    Tout: Outdoor temperature in ºC

    RTP: Real Time Price electric tariff in €

    dTOU: Dynamic Time of Use electric tariff in €

    E.Flat: Static electric tariff in €

    Gas: Natural gas tariff in €

    Demand: Dwellings heating demand in kWh

    COPR32a: Instant COP of R32 working fluid

    Con.Elec: Electric consumption of the heat pump in kWh

    ConGas: Gas boiler consumption in kWh

    €.elec_RTR: Cost of the electric consumption under the RTP tariff in €

    €.elec_Flat: Cost of the electric consumption under the static tariff in €

    €.elec_dTOU: Cost of the electric consumption under the dTOU tariff in €

    €.gas: Cost of the natural gas consumption in €

  18. Forecast: Oil and Gas Extraction Production Value in Spain 2022 - 2026

    • reportlinker.com
    Updated Apr 11, 2024
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    ReportLinker (2024). Forecast: Oil and Gas Extraction Production Value in Spain 2022 - 2026 [Dataset]. https://www.reportlinker.com/dataset/b11a600609558405b10037c0604a67e95ff75dd9
    Explore at:
    Dataset updated
    Apr 11, 2024
    Dataset authored and provided by
    ReportLinker
    License

    Attribution-NonCommercial 4.0 (CC BY-NC 4.0)https://creativecommons.org/licenses/by-nc/4.0/
    License information was derived automatically

    Area covered
    Spain
    Description

    Forecast: Oil and Gas Extraction Production Value in Spain 2022 - 2026 Discover more data with ReportLinker!

  19. Tax excluded electricity prices for households in Spain 2018-2022

    • statista.com
    Updated Feb 28, 2025
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    Statista (2025). Tax excluded electricity prices for households in Spain 2018-2022 [Dataset]. https://www.statista.com/statistics/1046874/electricity-prices-for-households-excluding-taxes-spain/
    Explore at:
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Spain
    Description

    The natural gas prices for household end users (excluding taxes, levies, and VAT) in Spain increased by 0.1 euro cents per kWh (+52.63 percent) in the first half of 2022 in comparison to the previous six months. Therefore, the natural gas prices in Spain reached a peak in the first half of 2022 with 0.26 euro cents per kWh.The prices include electricity/basic price, transmission, system services, meter rental, distribution and other services.Find more key insights for the natural gas prices for household end users (excluding taxes, levies, and VAT) in countries like Liechtenstein, Slovenia, and Finland.

  20. F

    Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index:...

    • fred.stlouisfed.org
    json
    Updated May 15, 2025
    + more versions
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    (2025). Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Spain [Dataset]. https://fred.stlouisfed.org/series/ESPCPHP0404IXOBM
    Explore at:
    jsonAvailable download formats
    Dataset updated
    May 15, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Area covered
    Spain
    Description

    Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Spain (ESPCPHP0404IXOBM) from Jan 1996 to Mar 2025 about water, miscellaneous, Spain, fuels, supplies, electricity, gas, and services.

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Statista (2025). Procurement cost of natural gas in Spain 2024, by month [Dataset]. https://www.statista.com/statistics/1320867/monthly-natural-gas-procurement-prices-spain/
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Procurement cost of natural gas in Spain 2024, by month

Explore at:
Dataset updated
Jul 11, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
Jan 2018 - Dec 2024
Area covered
Spain
Description

Procurement prices of natural gas in Spain have been on a mostly stable trend throughout 2024, oscillating around ** euros per megawatt-hours. Prior to this, natural gas procurement prices in the Mediterranean country experienced a great increase between 2021 and 2022. In the latter year, the average natural gas procurement price amounted to roughly ** euros per megawatt-hours, peaking at ***** euros per megawatt-hours in September. By contrast, Spain's average procurement price of natural gas in 2020 was around ***** euros per megawatt-hours. Why are gas prices so high? One main reason behind natural gas prices soaring in the last couple of years is the post-pandemic economic recovery. As coronavirus restrictions were lifted and many industrial and commercial sectors resumed activity simultaneously, there was a sudden demand for energy. This led to a global energy supply shortage, which was further aggravated by Russia’s invasion of Ukraine in February 2022. The natural gas sector in Spain Spain has a negligible production volume of natural gas that has been on a downward trend over the past years. Meanwhile, the import volume into the Mediterranean country has seen a mostly growing tendency. Spain’s main trading partner is Algeria, which accounts for nearly one third of the overall import volume. Altogether, natural gas constitutes an important source of energy in Spain, representing over ** percent of the primary energy consumption, and coming only second to oil.

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