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 |
Source
More information
Statistics on "Global natural gas industry"
Discover Statista
Need help with using Statista for your research?
Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Statistics
- Forecasted U.S. price of natural gas 1980-2025
- Total natural gas sales unit price in Canada 2000-2015
- Residential sector natural gas prices in the U.S. 1975-2018
- U.S. consumer price estimates - natural gas
- Price of AECO NIT natural gas 2014-2019
- Price of commercial natural gas in Canada
- Price of industrial natural gas in Canada
- Natural gas rents in Asia-Pacific 2016, by country
- Monthly prices for natural gas in the United States and Europe
- Natural gas consumption of Switzerland 2005-2018
- Residential natural gas customers in Canada number 2000-2015
- Natural gas production in oil equivalent Australia 2007-2017
- Natural gas consumption of Ireland 2005-2018
- Natural gas consumption of Austria 2005-2018
- Commercial natural gas customers number in Canada 2000-2015
- Concern among Arab youths from non-OPEC states about falling energy prices 2016
- Heating oil: average prices in Poland 2004-2018
- Price of wholesale natural gas in New Zealand 2009-2018
- Heating oil: average prices in Germany 2000-2018
- Greece: industry prices of electricity 2008-2017
Statistics on "Global natural gas industry"
Related topics
About Statista
