Global industrial prices for natural gas by select country 2018

Switzerland has one of the highest natural gas prices in the world at about 73.5 U.S. dollars per megawatt hour in 2018; in comparison, the natural gas price in the United States was about 13.9 U.S. dollars per megawatt hour.

Determining natural gas prices

Like other commodities, natural gas prices are driven by supply and demand trends. It may also be dependent on the crude oil and petroleum markets. In the United States, natural gas prices were typically associated with oil prices, but the market has decoupled from oil markets in recent years. In the U.S., the natural gas market is split between the financial (futures) market, based on the NYMEX futures contract, and the physical market, based on the price paid for deliveries of natural gas.

Natural gas demand

Global primary energy demand from natural gas is highest in the United States and Europe. Globally, only a small portion of demand is for power generation, and is rather used by industry, buildings, and transport among other industries. The world’s largest natural gas consumers are the United States, Russia, and China.

Natural gas prices for industry worldwide as of 2018, by select country (in U.S. dollars per megawatt hour)*

Prices in U.S. dollars per megawatt hour
Switzerland73.5
Finland53.7
Sweden50.1
France43.6
Korea43.3
Denmark41.8
Ireland41.8
Italy39.4
Austria37.6
Portugal33.5
Czech Republic32.3
Hungary31.5
Germany30.8
United Kingdom30.4
Netherlands30.3
Spain30.2
Poland30.1
Turkey23.7
Canada15.5
United States13.9
Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

September 2019

Region

Worldwide

Survey time period

2018

Supplementary notes

* Based on gross calorific value.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Global natural gas industry"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.