Global natural gas energy prices by region 2013-2030

Natural gas prices in Europe and Japan spiked in 2018, reaching 7.7 U.S. dollars per million British thermal unit (Btu) and 10.7 U.S. dollars per Btu, respectively. Spot prices for liquefied natural gas (LNG) in Asia has increased partially due to increases in U.S. LNG exports and additional new capacity from Australia and Qatar. Unexpectedly cold winters or warm summers may also drive price spikes as well as variance in supply. In the near future, increase in LNG capacity is expected to alter the composition of natural gas markets which have been mostly linked to oil prices in the past. Increased long-distance gas trade through the expansion of LNG tankers will also reduce price differences between regions. Natural gas prices depend on a range of supply and demand conditions like geopolitical circumstances, national energy sources, network costs, and tax levels.

Natural gas prices

Switzerland has one of the highest industrial natural gas prices in the world at 60.65 U.S. dollars per megawatts in comparison to the United States with an industrial gas price of 13.66 U.S. dollars per megawatt hour. Residential prices for natural gas are generally much higher at about 36 U.S. dollars per megawatt hour in the United States. In North America gas pricing is largely driven by trading at the Henry Hub, a distribution hub on the natural gas pipeline system in Louisiana. The European market is heavily influenced by the North European market, and hub pricing tends to be similar to oil prices.

Natural gas prices in selected markets from 2013 to 2030 (in nominal U.S. dollars per million British thermal units)*

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Source

Release date

April 2019

Region

Worldwide

Survey time period

2013 to 2018

Supplementary notes

* The figures from 2019 to 2030 are projections; the figures prior to 2019 are already accurate.
Figures were accumulated from several editions of the report.

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