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U.S. and European natural gas price 1980-2030
U.S. and European natural gas price 1980-2030
Natural gas prices in the United States and Europe from 1980 to 2030 (in U.S. dollars per million British thermal units)*
This statistic represents the price of European and US natural gas from 1980 through 2017, and provides projections up to 2030. In 2030, the price of natural gas in Europe is expected to reach about 8 constant U.S. dollars per million British thermal units.
Natural gas prices
For millions of years, a combination of decayed plants and animals has been trapped beneath sand, silt and rock. Over time, pressure and heat changed some of this organic material into tiny bubbles of odorless gas. Given the fact that the world’s demand for energy is growing at a rapid pace, natural gas is seen by many as a good alternative to other energy sources. It is a more mature technology than most renewable energy sources and is viewed as much more environmentally friendly than coal or nuclear sources. In the transportation sector, natural gas is set to replace petroleum as a fuel in motor vehicles or ships.
The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the energy industry’s biggest breakthroughs in decades, with the United States being the largest beneficiary. The new technology has helped the energy industry to release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It was predicted that U.S. shale gas production would reach 16.7 trillion cubic feet in 2040, up from 360 billion cubic feet in 2000. As a consequence of increased supply, the price of natural gas produced in the United States tumbled from over 4.80 U.S. dollars per million British thermal units in 2000 to around 2.9 U.S. dollars per million British thermal units in 2018.
Natural gas prices in the United States and Europe from 1980 to 2030 (in U.S. dollars per million British thermal units)*
Loading statistic...
| Europe | U.S. | |
|---|---|---|
| 2030 | 8 | 4 |
| 2025 | 7.5 | 3.3 |
| 2021 | 7.1 | 2.8 |
| 2020 | 7 | 2.7 |
| 2019 | 7.5 | 2.7 |
| 2018 | 8 | 2.9 |
| 2017 | 5.6 | 3 |
| 2016 | 4.6 | 2.5 |
| 2015 | 7.3 | 2.6 |
| 2014 | 10.05 | 4.37 |
| 2013 | 11.1 | 3.5 |
| 2012 | 9.6 | 2.3 |
| 2011 | 8.6 | 3.3 |
| 2010 | 7.3 | 3.9 |
| 2000 | 4.3 | 4.8 |
| 1990 | 2.9 | 1.8 |
| 1980 | 5.5 | 2.1 |
| Europe | U.S. | |
|---|---|---|
| 2030 | 8 | 4 |
| 2025 | 7.5 | 3.3 |
| 2021 | 7.1 | 2.8 |
| 2020 | 7 | 2.7 |
| 2019 | 7.5 | 2.7 |
| 2018 | 8 | 2.9 |
| 2017 | 5.6 | 3 |
| 2016 | 4.6 | 2.5 |
| 2015 | 7.3 | 2.6 |
| 2014 | 10.05 | 4.37 |
| 2013 | 11.1 | 3.5 |
| 2012 | 9.6 | 2.3 |
| 2011 | 8.6 | 3.3 |
| 2010 | 7.3 | 3.9 |
| 2000 | 4.3 | 4.8 |
| 1990 | 2.9 | 1.8 |
| 1980 | 5.5 | 2.1 |
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This statistic represents the price of European and US natural gas from 1980 through 2017, and provides projections up to 2030. In 2030, the price of natural gas in Europe is expected to reach about 8 constant U.S. dollars per million British thermal units.
Natural gas prices
For millions of years, a combination of decayed plants and animals has been trapped beneath sand, silt and rock. Over time, pressure and heat changed some of this organic material into tiny bubbles of odorless gas. Given the fact that the world’s demand for energy is growing at a rapid pace, natural gas is seen by many as a good alternative to other energy sources. It is a more mature technology than most renewable energy sources and is viewed as much more environmentally friendly than coal or nuclear sources. In the transportation sector, natural gas is set to replace petroleum as a fuel in motor vehicles or ships.
The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the energy industry’s biggest breakthroughs in decades, with the United States being the largest beneficiary. The new technology has helped the energy industry to release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It was predicted that U.S. shale gas production would reach 16.7 trillion cubic feet in 2040, up from 360 billion cubic feet in 2000. As a consequence of increased supply, the price of natural gas produced in the United States tumbled from over 4.80 U.S. dollars per million British thermal units in 2000 to around 2.9 U.S. dollars per million British thermal units in 2018.
Show moreNatural gas prices
For millions of years, a combination of decayed plants and animals has been trapped beneath sand, silt and rock. Over time, pressure and heat changed some of this organic material into tiny bubbles of odorless gas. Given the fact that the world’s demand for energy is growing at a rapid pace, natural gas is seen by many as a good alternative to other energy sources. It is a more mature technology than most renewable energy sources and is viewed as much more environmentally friendly than coal or nuclear sources. In the transportation sector, natural gas is set to replace petroleum as a fuel in motor vehicles or ships.
The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the energy industry’s biggest breakthroughs in decades, with the United States being the largest beneficiary. The new technology has helped the energy industry to release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It was predicted that U.S. shale gas production would reach 16.7 trillion cubic feet in 2040, up from 360 billion cubic feet in 2000. As a consequence of increased supply, the price of natural gas produced in the United States tumbled from over 4.80 U.S. dollars per million British thermal units in 2000 to around 2.9 U.S. dollars per million British thermal units in 2018.
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- Release date
- October 2018
- Region
- Worldwide
- Survey time period
- 1980 to 2017
- Supplementary notes
-
* Prices in constant U.S. dollars. The figures from 2018 to 2030 are projections; the figures from 1980 to 2017 are already accurate.
Figures have been rounded. - Open this statistic in...
Source
- Show sources information
- Show publisher information
- Release date
- October 2018
More information
- Region
- Worldwide
- Survey time period
- 1980 to 2017
- Supplementary notes
-
* Prices in constant U.S. dollars. The figures from 2018 to 2030 are projections; the figures from 1980 to 2017 are already accurate.
Figures have been rounded. - Open this statistic in...
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Statistics on "Global natural gas industry"
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- Technically recoverable reserves of unconventional natural gas worldwide as of 2016, by country (in trillion cubic meters)
- Natural gas reserves to production ratio worldwide from 1980 to 2017 (in years)
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- Underground storage capacity of natural gas worldwide in 2016, by region (in billion cubic meters)
- Natural gas production worldwide from 1998 to 2017 (in billion cubic meters)
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- Production share of leading natural gas producing countries worldwide from 2010 to 2017
- Shale gas production worldwide in 2015 and 2040, by selected country (in billion cubic feet per day)
- OPEC's share of total global natural gas production from 2009 to 2017*
- Unconventional natural gas production share of total global natural gas from 2010 to 2016
- Natural gas consumption worldwide from 1998 to 2017 (in billion cubic meters)*
- Leading countries based on natural gas consumption in 2017 (in billion cubic meters)
- Consumption share of the leading natural gas consuming countries worldwide in 2017
- Natural gas prices for industry worldwide as of 2017, by select country (in U.S. dollars per megawatt hour)*
- Returns on natural gas investments from 2008 to 2018
- Natural gas trade volume worldwide via pipelines from 2010 to 2017 (in billion cubic meters)
- Change in natural gas exports worldwide in 2017 compared to 2016, by region
- Change in natural gas imports worldwide in 2017 compared to 2016, by region
- Production capacity of proposed floating liquefied natural gas projects worldwide as of March 2018, by country (in million metric tons per year)*
- Liquefied natural gas trade volume worldwide from 1970 to 2017 (in billion cubic meters)*
- Major importing countries of liquefied natural gas in 2017 (in billion cubic meters)
- Liquefied natural gas import market share worldwide in 2017, by country
- Major liquefied natural gas exporting countries in 2017 (in billion cubic meters)
- Liquefied natural gas export market share worldwide in 2017, by country
- Largest natural gas producers worldwide based on production output in 2016 (in million cubic feet per day)
- 2018 ranking of the leading global oil and gas companies based on revenue (in billion U.S. dollars)
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- Leading oil and gas companies worldwide based on number of employees in 2018 (in 1,000s)
- Forecast of natural gas production worldwide from 2012 to 2050 (in trillion cubic feet)
- Projected natural gas consumption worldwide from 1990 to 2035 (in million metric tons of oil equivalent)
- Natural gas prices in the United States and Europe from 1980 to 2030 (in U.S. dollars per million British thermal units)*
- Natural gas prices in selected markets from 2013 to 2030 (in nominal U.S. dollars per million British thermal units)*
- Forecast of natural gas prices in the U.S. from 1980 to 2025 (in real 2010 U.S. dollars per million British thermal units)*
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- Residential sector natural gas prices in the U.S. from 1975 to 2017 (in nominal U.S. dollars per 1,000 cubic feet)*
- U.S. consumer price estimates for natural gas from 1970 to 2010 (in U.S. dollars per million British thermal units)*
- Price of AECO NIT natural gas from 2014 to H1 2019 (in Canadian dollars per gigajoule)
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