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.

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.

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.

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.

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

The United Kingdom LNG market is experiencing robust growth, driven by increasing energy demand and a strategic shift towards cleaner energy sources. While the precise market size for 2025 is not provided, considering a plausible CAGR (Compound Annual Growth Rate) of 5% between 2019 and 2025 based on global LNG market trends, and assuming a 2019 market size of approximately £2 billion (GBP), we can estimate the 2025 market size to be around £2.6 billion. This growth is fueled by the UK's efforts to diversify its energy sources, reduce reliance on pipeline gas, and meet its decarbonization targets. The growth trajectory is expected to continue through 2033, with increasing imports of LNG to supplement domestic production and potentially offset any shortfall caused by the phasing out of other fossil fuels. The market's success hinges on the continued expansion of LNG import infrastructure, including terminal capacity and related logistics networks. Regulatory frameworks supportive of LNG import and usage, alongside advancements in LNG technology contributing to efficiency and cost-effectiveness, will also be key drivers of future growth. Beyond the core import and distribution aspects, associated services such as LNG regasification, storage, and transportation are witnessing a parallel rise, creating a broader and more intricate market ecosystem. Investments in these areas are crucial to ensure the seamless flow of LNG into the UK's energy grid and effectively meet the country's growing energy needs. Furthermore, growing focus on gas-to-power applications and the evolving role of LNG in blending with renewable energy sources are set to shape the market's evolution in the coming years. Price volatility in global LNG markets remains a crucial factor affecting the overall profitability and investment decisions in the UK LNG sector. Recent developments include: In August 2022, Houston-based Delfin LNG signed a deal to supply LNG to a United Kingdom energy company that plans to construct a floating LNG export terminal off Louisiana's coast. This agreement involves Delfin LNG providing 1 million metric tons of LNG annually to Centrica, an energy company located in Windsor, England, which owns British Gas and Bord Gais Energy.. Notable trends are: Transportation Segment to dominate the market during the forecast period..

Japan and China have some of the highest spot prices for liquefied natural gas. In January 2024, customers in Japan and China paid approximately 10.05 U.S. dollars per million British thermal unit of LNG delivered. Destination markets in Europe and South America experienced slightly lower shipping costs. In the last few years, the global trade volume of LNG has increased notably, exceeding 500 billion cubic meters shipped.

LNG demand growth and largest destination markets

Increased gas demand and improved liquefaction technology has prompted growth in the gas market and the entry of new players. LNG prices were initially strongly influenced by crude oil, however, as the market grew it developed independent benchmarks. As one of the largest LNG importing countries, the price for LNG in Japan has become synonymous with the global benchmark.

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.

Algeria Export Price: Liquefied Natural Gas: British Thermal Unit data was reported at 10.400 USD/MN BTU in Mar 2024. This records a decrease from the previous number of 10.500 USD/MN BTU for Dec 2023. Algeria Export Price: Liquefied Natural Gas: British Thermal Unit data is updated quarterly, averaging 8.300 USD/MN BTU from Mar 2007 (Median) to Mar 2024, with 69 observations. The data reached an all-time high of 20.600 USD/MN BTU in Sep 2022 and a record low of 3.400 USD/MN BTU in Mar 2020. Algeria Export Price: Liquefied Natural Gas: British Thermal Unit data remains active status in CEIC and is reported by General Directorate of Customs. The data is categorized under Global Database’s Algeria – Table DZ.P002: Export Price of Hydrocarbon.

United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Calcasieu Pass, Louisiana data was reported at 13.560 USD/1000 Cub ft in Jan 2025. This records an increase from the previous number of 13.320 USD/1000 Cub ft for Dec 2024. United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Calcasieu Pass, Louisiana data is updated monthly, averaging 13.320 USD/1000 Cub ft from Mar 2022 (Median) to Jan 2025, with 21 observations. The data reached an all-time high of 39.990 USD/1000 Cub ft in Aug 2022 and a record low of 7.310 USD/1000 Cub ft in Sep 2023. United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Calcasieu Pass, Louisiana 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.P015: Natural Gas Export Price: Liquefied Natural Gas.

United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Cameron, Louisiana data was reported at 7.450 USD/1000 Cub ft in Jan 2025. This records an increase from the previous number of 7.310 USD/1000 Cub ft for Dec 2024. United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Cameron, Louisiana data is updated monthly, averaging 7.915 USD/1000 Cub ft from Jan 2022 (Median) to Jan 2025, with 22 observations. The data reached an all-time high of 13.530 USD/1000 Cub ft in Jun 2022 and a record low of 4.730 USD/1000 Cub ft in Feb 2024. United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Cameron, Louisiana 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.P015: Natural Gas Export Price: Liquefied Natural Gas.

United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Sabine Pass, Louisiana data was reported at 6.090 USD/1000 Cub ft in 2024. This records a decrease from the previous number of 6.880 USD/1000 Cub ft for 2023. United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Sabine Pass, Louisiana data is updated yearly, averaging 5.640 USD/1000 Cub ft from Dec 2010 (Median) to 2024, with 13 observations. The data reached an all-time high of 10.680 USD/1000 Cub ft in 2022 and a record low of 0.000 USD/1000 Cub ft in 2016. United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Sabine Pass, Louisiana 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.

United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Cove Point, Maryland data was reported at 7.450 USD/1000 Cub ft in Dec 2024. This records an increase from the previous number of 5.940 USD/1000 Cub ft for Nov 2024. United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Cove Point, Maryland data is updated monthly, averaging 7.210 USD/1000 Cub ft from Mar 2018 (Median) to Dec 2024, with 13 observations. The data reached an all-time high of 14.450 USD/1000 Cub ft in Sep 2022 and a record low of 5.280 USD/1000 Cub ft in Mar 2024. United States Natural Gas Exports: Avg Price: LNG: To United Kingdom: From Cove Point, Maryland 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.P015: Natural Gas Export Price: Liquefied Natural Gas.

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.

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.

The size of the UK LNG Bunkering 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 2.10">> 2.10% during the forecast period. The liquefied natural gas (LNG) bunkering sector in the United Kingdom is witnessing significant expansion, propelled by the nation's dedication to minimizing maritime emissions and shifting towards cleaner fuel alternatives. LNG is being increasingly recognized as a viable marine fuel due to its reduced carbon emissions in comparison to conventional marine fuels such as heavy fuel oil and marine diesel. The UK government's rigorous regulations concerning sulfur content in marine fuels, along with its overarching environmental objectives, have expedited the transition to LNG as a more sustainable option for the shipping industry. The establishment of LNG bunkering infrastructure across the UK is rapidly advancing, with substantial investments being made in new bunkering facilities, specialized LNG carriers, and port infrastructure tailored to meet the rising demand for LNG fuel. Prominent ports, including Southampton and London Gateway, are enhancing their capabilities to offer LNG bunkering services, thereby ensuring that vessels have access to cleaner fuel alternatives. Furthermore, innovations in LNG storage and refueling technologies are enhancing the efficiency and safety of the bunkering operations. The market is bolstered by regulatory incentives and a growing interest from shipping companies aiming to adhere to international emissions standards and diminish their environmental impact. Although there are challenges such as the substantial initial investment required for LNG infrastructure and the volatility of LNG prices, the UK LNG bunkering industry is well-positioned for ongoing growth, in line with global movements towards sustainable maritime fuel solutions and contributing to the nation's broader environmental and energy goals. Recent developments include: May 2022: Avenir LNG announced the delivery of the Avenir Achievement, the second 20,000 cbm dual-purpose LNG supply and bunkering vessel from the Nantong CIMC Sinopacific Offshore & Engineering.. Key drivers for this market are: 4., Increase in the Demand for Electricity4.; Rising Adoption of Electric Vehicles. Potential restraints include: 4., New Sources of Distributed Electricity Generation. Notable trends are: Ferries and OSV Segment to Dominate the Market.

Global liquefied natural gas prices have shown less volatility in 2024 and 2025 than the years prior, with the benchmark price reaching ******U.S. dollars per million metric British thermal units in September 2025. This figure represents an increase from the same period a year earlier. The global LNG benchmark, which is largely influenced by Asian market trading, particularly Indonesian LNG in Japan, serves as a key indicator for the industry's pricing trends. Natural gas prices become less volatile The Asian LNG market experienced less turbulence in 2024 compared to the previous year, with price volatility dropping to ** percent. This relative stability followed an exceptionally volatile 2022, when LNG demand surged due to sanctions on Russian imports. The global natural gas price index, which encompasses European, Japanese, and American markets, stood at *******index points in September 2025, showing a slight decrease that month. This trend is also reflected in overall lower crude oil price indices. Landed prices vis-à-vis export prices Due to its geographical location, Japan is exclusively reliant on LNG trading for its natural gas supply. As such, Japan's landed LNG spot price is often higher than for other markets, reaching approximately ***** U.S. dollars per million British thermal units in January 2024. By comparison, the world's largest LNG exporter, the United States, has seen its LNG export prices decrease to **** U.S. dollars per thousand cubic feet in 2024, down from **** U.S. dollars the previous year.

About the ProjectKAPSARC is analyzing the shifting dynamics of the global gas markets. Global gas markets 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 gas.Key PointsIn the past year, global gas prices have dropped significantly, albeit at unequal paces depending on the region. All else being equal, economists would suggest that this should have generated a positive demand response. However, “all else” was not equal. Prices of other commodities also declined while economic growth forecasts were downgraded. Prices at benchmark points such as the U.K. National Balancing Point (NBP), U.S. Henry Hub (HH) and Japan/Korea Marker (JKM) slumped due to lower oil prices, liquefied natural gas (LNG) oversupply and unseasonal weather. Yet, the prices of natural gas in local currencies have increased in a number of developing countries in Africa, the Middle East, Latin America, former Soviet Union (FSU) and Asia. North America experienced demand growth while gas in Europe and Asia faced rising competition from cheaper coal, renewables and, in some instances, nuclear. Gains to European demand were mostly weather related while increases in Africa and Latin America were not significant. For LNG, Europe became the market of last resort as Asian consumption declined. Moreover, an anticipated surge in LNG supply, brought on by several new projects, may lead to a confrontation with Russian or other pipeline gas suppliers to Europe. At the same time, Asian buyers are seeking concessions on pricing and flexibility in their long-term contracts. Looking ahead, natural gas has to prove itself a credible and affordable alternative to coal, notably in Asia, if the world is to reach its climate change targets. The future of the gas industry will also depend on oil prices, evolution of Chinese energy demand and impact of COP21 on national energy policies. Current low prices mean there is likely to be a pause in final investment decisions (FIDs) on LNG projects in the coming years.