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Global industry prices for natural gas by select country 2019

Switzerland has one of the highest natural gas prices for industry in the world, amounting to approximately 67 U.S. dollars per megawatt hour in 2019. This was considerably higher than the price of gas in the United States, which stood at just 13 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 2019, by select country (in U.S. dollars per megawatt hour)*

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Source

Release date

August 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

* Based on gross calorific value.

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Statistics on "Global natural gas industry"

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