UK Gas fell to 72.60 GBp/thm on December 2, 2025, down 1.67% from the previous day. Over the past month, UK Gas's price has fallen 11.75%, and is down 40.33% compared to the same time last year, 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 December of 2025.

The National Balancing Point (NBP), the UK's natural gas benchmark, amounted to 78.76 British pence per therm on October 27, 2025, for contracts with delivery in November. Prices are generally higher in the winter months due to greater gas heating demand, especially in weeks of colder weather. The UK NBP, along with the Dutch TTF, serve as benchmarks for natural gas prices in Europe. Impact on consumer prices and household expenditure post-2022 Fluctuations in wholesale natural gas prices often have immediate impacts on UK consumers. In 2024, the consumer price index for gas in the UK rose to 146.2 index points, using 2015 as the base year. This increase has translated into higher household expenditure on gas, which reached approximately 18.71 billion British pounds in 2024. This figure represents a 40 percent increase from 2021, highlighting the growing financial burden on UK households. Consumption patterns and supply challenges The residential and commercial sectors remain the largest consumers of natural gas in the UK, using an estimated 42 billion cubic meters in 2024. This was followed by the power sector, which consumed about 13 billion cubic meters. The UK's reliance on gas imports has grown due to declining domestic production. This shift has led to an increased dependence on liquefied natural gas imports and pipeline inflows to meet demand.

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.

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.

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.

Dutch TTF gas futures amounted to ******euros per megawatt hour on November 17, 2025 for contracts with delivery in December 2025. Figures increased compared to the previous week. Dutch TTF is seen as a Europe-wide natural gas price benchmark. Europe more reliant on imports The Groningen gas field is the largest gas field in Europe and the major natural gas source in the Netherlands. In 2014, the first earthquake related to drilling the field occurred, and other seismic activities were also observed. Therefore, the Groningen field has drastically reduced its production output. Since then, natural gas production in the Netherlands has been in a trend of continuous decline. To balance the diminished domestic production, the European market relies on liquefied natural gas imports and pipeline inflow. LNG pricing across European regions The European gas market exhibits regional variations, as evidenced by LNG prices in different parts of the continent. The Southwest Europe LNG price is generally slightly higher than LNG prices in Northwest Europe. The latter reached around ***** U.S. dollars per million British thermal units in November 2025.

Daily data showing SAP of gas, and rolling seven-day average, traded in Great Britain over the On-the-Day Commodity Market (OCM). These are official statistics in development. Source: National Gas Transmission.

The average gas price in Great Britain in July 2025 was 79.28 British pence per therm. This was five pence lower than the same month the year prior and follows a trend of increasing gas prices. Energy prices in the UK Energy prices in the UK have been exceptionally volatile throughout the 2020s. Multiple factors, such as a lack of gas storage availability and the large share of gas in heating, have exacerbated the supply issue in the UK that followed the Russia-Ukraine war. This has also led to many smaller suppliers announcing bankruptcy, while an upped price cap threatened the energy security of numerous households. The United Kingdom has some of the highest household electricity prices worldwide. How is gas used in the UK? According to a 2023 survey conducted by the UK Department for Energy Security and Net Zero, 58 percent of respondents used gas as a heating method during the winter months. On average, household expenditure on energy from gas in the UK stood at some 24.9 billion British pounds in 2023, double the amount spent just two years prior.

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.

Northwest Europe (SparkNWE) LNG futures stood at ***** U.S. dollars per million British thermal units on November 17, 2025, for delivery in December 2025. The Dutch TTF gas price, Europe's benchmark for natural gas, decreased that week. SparkNWE LNG prices reflect trading with major importers in Northwest Europe, among them France, the Netherlands, and the United Kingdom.

Natural gas prices (US) in , October, 2025 For that commodity indicator, we provide data from January 1960 to October 2025. The average value during that period was 2.41 USD per million British thermal units with a minimum of 0.14 USD per million British thermal units in January 1960 and a maximum of 13.52 USD per million British thermal units in October 2005. | TheGlobalEconomy.com

United Kingdom Import: SITC: Vol: Gas, Natural & Manufactured data was reported at 5,921,063.100 Tonne in Sep 2018. This records a decrease from the previous number of 7,430,091.500 Tonne for Jun 2018. United Kingdom Import: SITC: Vol: Gas, Natural & Manufactured data is updated quarterly, averaging 7,004,207.800 Tonne from Dec 2004 (Median) to Sep 2018, with 56 observations. The data reached an all-time high of 13,626,524.700 Tonne in Mar 2013 and a record low of 1,564,750.900 Tonne in Sep 2005. United Kingdom Import: SITC: Vol: Gas, Natural & Manufactured data remains active status in CEIC and is reported by UK Trade Info. The data is categorized under Global Database’s United Kingdom – Table UK.JA012: Imports: Volume: By Commodity Group.

Natural gas prices decreased across all major regions in 2024, as supply caught up to higher demand. In Japan, LNG sold for an average of **** nominal U.S. dollars per million British thermal units. Meanwhile, the United States, as the largest natural gas producer worldwide, has significantly lower prices for the fossil fuel. The U.S. has had lower natural gas prices than Europe for much of the past four decades. LNG on the rise LNG is expected to shape much of future natural gas trade. Although pipelines have been the preferred method of transportation for many decades, as Europe shifts away from Russia as its main gas supplier, LNG has become more in demand. The global LNG trade volume has already exceeded *** billion cubic meters per year, and is expected to continue growing. Countries in Asia have some of the highest landed prices for liquefied natural gas worldwide. Natural gas benchmarks Some of the most closely followed natural gas price benchmarks are the U.S. Henry Hub and the Dutch TTF. The former is an important indicator of the state of the natural gas industry in the U.S., while the latter reflects natural gas market developments in Europe and potential repercussions for consumers.

United Kingdom Export: SITC: Vol: Gas, Natural & Manufactured data was reported at 3,730,501.200 Tonne in Sep 2018. This records an increase from the previous number of 1,765,038.100 Tonne for Jun 2018. United Kingdom Export: SITC: Vol: Gas, Natural & Manufactured data is updated quarterly, averaging 1,900,367.600 Tonne from Jun 1999 (Median) to Sep 2018, with 78 observations. The data reached an all-time high of 4,636,483.000 Tonne in Sep 2016 and a record low of 504,652.500 Tonne in Sep 2007. United Kingdom Export: SITC: Vol: Gas, Natural & Manufactured data remains active status in CEIC and is reported by UK Trade Info. The data is categorized under Global Database’s United Kingdom – Table UK.JA024: Exports: SITC: Volume: By Commodity Group.

Hong Kong SAR (China) Imports: UK: Natural & Manufactured Gas data was reported at 0.304 HKD mn in Jan 2025. This records an increase from the previous number of 0.028 HKD mn for Aug 2023. Hong Kong SAR (China) Imports: UK: Natural & Manufactured Gas data is updated monthly, averaging 0.092 HKD mn from Apr 2012 (Median) to Jan 2025, with 14 observations. The data reached an all-time high of 0.346 HKD mn in Jan 2022 and a record low of 0.004 HKD mn in Apr 2012. Hong Kong SAR (China) Imports: UK: Natural & Manufactured Gas data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR (China) – Table HK.JA028: Imports: by Country and Commodity: by 2 Digit SITC Code.

The price of gas in the United Kingdom was *** British pence per therm in the fourth quarter of 2024. It is anticipated gas prices will increase to *** pence in the second quarter of 2025 before gradually falling to just under ** pence by the second quarter of 2027.
Surging energy costs and the cost of living crisis At the height of the UK's cost of living crisis in 2022, approximately ** percent of UK households were experiencing rising prices compared with the previous month. It was during 2022 that the UK's CPI inflation rate reached a peak of **** percent, in October of that year. Food and energy, in particular, were the main drivers of inflation during this period, with energy inflation reaching **** percent, and food prices increasing by **** percent at the height of the crisis. Although prices fell to more expected levels by 2024, an uptick in inflation is forecast for 2025, with prices rising by *** percent in the third quarter of the year. Global Inflation Crisis The UK was not alone in suffering rapid inflation during this time period, with several countries across the world experiencing an inflation crisis. The roots of the crisis began as the global economy gradually emerged from the COVID-19 pandemic in 2021. Blocked-up supply chains, struggled to recover as quickly as consumer demand, with food and energy prices also facing upward pressure. Russia's invasion of Ukraine in February 2022 led to Europe gradually weening itself of cheap Russian energy exports, while for several months Ukraine struggled to export crucial food supplies to the rest of the World.

Germany Imports: United Kingdom: Crude Oil & Natural Gas data was reported at 326,308.000 EUR th in Feb 2025. This records a decrease from the previous number of 463,361.000 EUR th for Jan 2025. Germany Imports: United Kingdom: Crude Oil & Natural Gas data is updated monthly, averaging 335,244.500 EUR th from Jan 2008 (Median) to Feb 2025, with 206 observations. The data reached an all-time high of 958,852.000 EUR th in Jun 2008 and a record low of 61,011.000 EUR th in Oct 2018. Germany Imports: United Kingdom: Crude Oil & Natural Gas data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.JA010: Imports: By Country and Commodity: GP 2009.

These files are the outputs from RE-Emission (https://github.com/tomjanus/reemission) - A Python tool for estimating and visualising greenhouse gas emissions from reservoirs - generated for a large number (200+) irrigation, hydroelectric and irrigation reservoirs in Myanmar. The estimates are given for existing as well as planned (future) assets.

hydrogen_production_consumption_inputs: includes hydrogen assumptions for three scenarios (Electrification, Hydrogen, E-fuels) and three corner years (2030,2040,2050) on hydrogen production and consumption per country (EU27+NO+CH)

Gas_and_hydrogen_infrastructure_figures: inlcudes figures and tables from the article "Kotek - Selei - Tóth (2023): Designing a future-proof gas and hydrogen infrastructure for Europe – a modelling-based approach."

Figure 1: Gas (including biomethane and biogases and e-methane) and hydrogen demand (EU-27) Figure 2: Hydrogen consumption and production in the modelled countries for the Hydrogen 80 scenario in 2050, TWh/year Figure 3: Decision tree for hydrogen investment need estimation Figure 4: Annualised CAPEX, OPEX, and variable system costs Figure 5: Hydrogen transmission infrastructure by 2050, Elec_80 scenario Figure 6: Hydrogen transmission infrastructure by 2050, E-Fuel_80 scenario Figure 7: Hydrogen transmission infrastructure by 2050, H2_80 scenario Figure 8: Utilisation of gas transport network (flow/capacity %) (Source: REKK modelling. Red bars indicate capacity Table 1: Summary of studies on hydrogen infrastructure Table 2: Total investment need of the hydrogen network, bn EUR/yr (EU-27) Table 3: OPEX need for the hydrogen network, Bn EUR/yr (EU-27) Table 4: Variable system costs of the gas network (EU-27) Table 5: Variable system costs of the hydrogen network (EU-27) Table 6: CAPEX modelled for 2020 until 2050 (EU-27+CH+NO+UK), Bn EUR Table 7: Length and composition of hydrogen transmission pipelines (EU-27) Table 8: Total modelled hydrogen blending (TWh/year), (EU-27+CH+NO+UK) Table 9: Internal trade of gas and hydrogen in the European infrastructure by 2050, TWh/year, (EU-27+CH+NO+UK) Table 10: Utilization indicators for gas transmission pipelines (EU-27+UK+NO+CH) Table 11: Hydrogen transport costs assumed, EUR/MWh Table 12: Gas transport costs assumed, EUR/MWh

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Liquefied Petroleum Gas (LPG) Market Size 2025-2029

The liquefied petroleum gas (LPG) market size is valued to increase by USD 55.2 billion, at a CAGR of 3.3% from 2024 to 2029. An increase in the supply of natural gas will drive the liquefied petroleum gas (LPG) market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 58% growth during the forecast period.
By End-user - Residential segment was valued at USD 106.40 billion in 2023
By Source - Natural gas liquid segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 29.69 billion
Market Future Opportunities: USD 55.20 billion
CAGR from 2024 to 2029: 3.3%

Market Summary

The market is a dynamic and ever-evolving sector, driven by the continuous rise in supply of natural gas and the increasing adoption of core technologies such as virtual pipeline technology (VPT). LPG, a versatile and clean-burning fuel, is increasingly gaining popularity as a viable alternative to traditional fossil fuels. However, the market faces challenges from the competition of LPG from other sources of energy, including natural gas and renewable energy. According to recent reports, the global LPG market share held by VPT is projected to reach 20% by 2026, reflecting the growing trend towards more efficient and cost-effective energy solutions.
The market's evolution is further influenced by regulatory frameworks, with stricter emissions norms driving the demand for cleaner fuels. These trends and challenges present significant opportunities for market participants, making the LPG sector an exciting space to watch.

What will be the Size of the Liquefied Petroleum Gas (LPG) Market during the forecast period?

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How is the Liquefied Petroleum Gas (LPG) Market Segmented ?

The liquefied petroleum gas (LPG) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Residential
  Petrochemical
  Industrial and commercial
  Transport
  Others


Source

  Natural gas liquid
  Crude oil


Distribution Channel

  Cylinder Distribution
  Bulk
  On-site storage


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period.

LPG, or Liquefied Petroleum Gas, is a versatile energy source that plays a significant role in various industries and applications. Approximately 25% of the global LPG consumption is attributed to commercial cooking equipment, highlighting its importance in the foodservice sector. Moreover, leak detection systems, pressure relief valves, and other safety components account for a substantial portion of the market, underlining the industry's commitment to ensuring safety and reliability. LPG is transported using multiple modes, including cylindrical tanks, pipelines, and tanker trucks. Cylindrical tank design is widely adopted due to its cost-effectiveness and ease of use, while spherical tank design offers advantages in terms of safety and efficiency.

In the realm of odorization techniques, vapor pressure measurement, and industrial heating systems, LPG's applications continue to expand. Regulations governing LPG safety and emission monitoring are stringent, with liquid level sensors and refrigeration applications playing crucial roles in ensuring compliance. LPG's compatibility with various materials, thermal efficiency, and high calorific value make it an attractive alternative to traditional fuels. Propane autogas fueling, pipeline integrity management, and automotive fuel systems are among the growing applications for LPG. Pressure regulators, flammability limits, and LPG pipeline infrastructure are essential components of the LPG market. Auto ignition temperature and boiling point are critical factors influencing the combustion efficiency and overall performance of LPG.

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The Residential segment was valued at USD 106.40 billion in 2019 and showed a gradual increase during the forecast period.

Butane-propane mixtures and gas blending processes are essential for optimizing the energy density comparison between LPG and other fuel sources. LPG cylinder valves, calorific value, and flow control devices are essential components of the LPG market. Residential heating systems, energy density comparison, and specific gravity are key factors driving the demand for LPG in the residential sector. The LPG storage tank market is expected to grow by 15% in t