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.
In 2022, the price of natural gas in Europe reached 40.3 constant U.S. dollars per million British thermal units, compared with 6.4 U.S. dollars in the U.S. The steep increase in prices is due to the fallout from the energy supply shortage which began in 2021 and further constraints resulting from the Russia-Ukraine war. Since 1980, Natural gas commodity prices in Europe and the United States from 1980 to 2022, with a forecast for 2023 and 2024 (in U.S. dollars per million British thermal units)
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Other statistics that may interest you Natural gas industry worldwide
Overview
3
Reserves & production
4
- Premium Statistic Global natural gas reserves by region 1960-2022
- Premium Statistic Global natural gas reserves by country 1960-2022
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Trade
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- Premium Statistic Global gaseous state natural gas imports 2015-2022, by country
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Prices
5
- Basic Statistic U.S. Henry Hub prices per week 2022-2024
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- Premium Statistic Monthly natural gas prices in the United States and Europe 2014-2024
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- Premium Statistic Global natural gas commodity prices by region 2020-2024
Consumption
3
Companies
5
- Premium Statistic Average daily natural gas production by selected companies 2022
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Employment & market data
4
- Premium Statistic Global natural gas investment returns 2010-2023
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Further related statistics
16
- Forecasted U.S. price of natural gas 1980-2025
- Price of AECO NIT natural gas 2014-2019
- Total natural gas sales unit price in Canada 2000-2015
- Household natural gas prices in the U.S. 1975-2022
- Price of commercial natural gas in Canada
- Price of industrial natural gas in Canada
- Natural gas rents APAC 2020, by country
- Global natural gas reserves breakdown by country 1960-2022
- Proved natural gas reserves in Saudi Arabia 1992-2020
- Share of world natural gas consumption in Canada 2001-2010
- Total natural gas sales in Canada 2000-2015
- Natural gas consumption in Germany 2005-2022
- Winter natural gas prices in the U.S. 2005/06-2022/23
- Natural gas residential prices in Europe 2020
- Average heating oil prices in Latvia 2004-2021
- Average heating oil prices in Slovenia 2004-2021
Further Content: You might find this interesting as well
Statistics
- Forecasted U.S. price of natural gas 1980-2025
- Price of AECO NIT natural gas 2014-2019
- Total natural gas sales unit price in Canada 2000-2015
- Household natural gas prices in the U.S. 1975-2022
- Price of commercial natural gas in Canada
- Price of industrial natural gas in Canada
- Natural gas rents APAC 2020, by country
- Global natural gas reserves breakdown by country 1960-2022
- Proved natural gas reserves in Saudi Arabia 1992-2020
- Share of world natural gas consumption in Canada 2001-2010
- Total natural gas sales in Canada 2000-2015
- Natural gas consumption in Germany 2005-2022
- Winter natural gas prices in the U.S. 2005/06-2022/23
- Natural gas residential prices in Europe 2020
- Average heating oil prices in Latvia 2004-2021
- Average heating oil prices in Slovenia 2004-2021
World Bank. (April 26, 2023). Natural gas commodity prices in Europe and the United States from 1980 to 2022, with a forecast for 2023 and 2024 (in U.S. dollars per million British thermal units) [Graph]. In Statista. Retrieved April 25, 2024, from https://www.statista.com/statistics/252791/natural-gas-prices/
World Bank. "Natural gas commodity prices in Europe and the United States from 1980 to 2022, with a forecast for 2023 and 2024 (in U.S. dollars per million British thermal units)." Chart. April 26, 2023. Statista. Accessed April 25, 2024. https://www.statista.com/statistics/252791/natural-gas-prices/
World Bank. (2023). Natural gas commodity prices in Europe and the United States from 1980 to 2022, with a forecast for 2023 and 2024 (in U.S. dollars per million British thermal units). Statista. Statista Inc.. Accessed: April 25, 2024. https://www.statista.com/statistics/252791/natural-gas-prices/
World Bank. "Natural Gas Commodity Prices in Europe and The United States from 1980 to 2022, with a Forecast for 2023 and 2024 (in U.S. Dollars per Million British Thermal Units)." Statista, Statista Inc., 26 Apr 2023, https://www.statista.com/statistics/252791/natural-gas-prices/
World Bank, Natural gas commodity prices in Europe and the United States from 1980 to 2022, with a forecast for 2023 and 2024 (in U.S. dollars per million British thermal units) Statista, https://www.statista.com/statistics/252791/natural-gas-prices/ (last visited April 25, 2024)
Natural gas commodity prices in Europe and the United States from 1980 to 2022, with a forecast for 2023 and 2024 (in U.S. dollars per million British thermal units) [Graph], World Bank, April 26, 2023. [Online]. Available: https://www.statista.com/statistics/252791/natural-gas-prices/