Global natural gas prices by country
Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. A low price forecast for is expected to make the natural gas production decrease creating an upward price pressure in , which, however, will be limited by contracting demand. Price forecasts of other critical commodities:. The Energy Data Brief offers key statistics designed to help energy market watchers anticipate and respond to developments in the energy sector as well as changes in related industries and investments.
Natural gas prices
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Natural gas consumption rose by billion cubic metres bcm , or 5. Growth in gas consumption was driven mainly by the US 78 bcm , supported by China which also saw above-average growth of The US gas consumption increase of 78 Bcm last year is broadly equivalent to the entire gas consumption of the UK. Global natural gas production increased by bcm, or 5.
Almost half of this came from the US 86 bcm , which as with oil production recorded the largest annual growth seen by any country in history. Russia 34 bcm , Iran 19 bcm and Australia 17 bcm were the next largest contributions to growth.
World proved gas reserves in increased by 0. Russia Middle East Growth in inter-regional natural gas trade was 39 bcm or 4. LNG supply growth came mainly from Australia 15 bcm , the US 11 bcm and Russia 9 bcm as a number of new liquefaction plants either started or ramped up. China accounted for half of the increase in imports 21 bcm. Asian and European gas spot prices have remained elevated during most of , in response to higher oil, coal, and CO 2 prices as well as a relatively tight LNG market.
But weaker Asian demand combined with higher LNG exports led prices to drop towards the end of the year. In contrast, Henry Hub prices were stable for most of , but rebounded in the last quarter due to low US storage levels. Explore data from the Statistical Review of World Energy online or download the app to your tablet or smartphone.
Natural gas grows strongly, with broad-based demand low-cost supplies and increasing global availability. Download the printed edition of the Statistical Review of World Energy, the launch presentation speech and slides and more. Site traffic information and cookies We use cookies and equivalent technologies to collect and analyse information on our site's performance and to enable the site to function. Manage cookie preferences Agree. Natural gas. On this page Natural gas consumption Natural gas production.
Natural gas reserves Natural gas trade movements Natural gas prices. Much of this strength in demand was concentrated in two countries, the US and China. In the US, gas demand was boosted by weather effects. In China this year saw another year of mass coal-to-gas switching, driven by environmental policies trying to improve local air quality.
Read Spencer Dale's natural gas market analysis. Natural gas — consumption and production growth annual change, bcm. Natural gas — largest annual increases in gas production bcm. Natural gas consumption Natural gas consumption rose by billion cubic metres bcm , or 5. Natural gas consumption per capita tonnes oil equivalent. Sources Includes data from Cedigaz. Natural gas production Global natural gas production increased by bcm, or 5. Natural gas production by region billion cubic metres.
Interact with this chart. Natural gas reserves World proved gas reserves in increased by 0. Sources The estimates for proved gas reserves have been compiled using a combination of primary official sources and third party data from Cedigaz and the OPEC Secretariat.
Natural gas trade movements Growth in inter-regional natural gas trade was 39 bcm or 4. Natural gas trade movements — trade flows worldwide billion cubic metres. Natural gas prices Asian and European gas spot prices have remained elevated during most of , in response to higher oil, coal, and CO 2 prices as well as a relatively tight LNG market.
Information about the methodology. Related content. Interactive energy charting tool Explore data from the Statistical Review of World Energy online or download the app to your tablet or smartphone. Energy Outlook — natural gas Natural gas grows strongly, with broad-based demand low-cost supplies and increasing global availability. Statistical Review downloads Download the printed edition of the Statistical Review of World Energy, the launch presentation speech and slides and more.
Various countries report these prices in kWh, Gigajoules or cubic meters and, for consistency, we report all prices in kWh. The world average price is U.S. Iran Reaches Production Milestone At World's Largest Gas Field. Apr 24, at | Simon Watkins.
Find us on:. The glut of natural gas could lead to more cancelled LNG exports in the next few months. The oil price war has already claimed its first victim. Whiting Petroleum Corp.
This is a short overview of the new World Energy Prices data service. This data service contains annual end-use energy prices for selected products and sectors for over one hundred countries in the world.
Major increase in gas consumption in the US half of world increase. Global gas consumption accelerated in , spurred by the US and China, which accounted for around two thirds of the additional consumption. Growth was also seen in India and South Korea thanks to sustained economic growth.
Natural Gas Price Forecast: 2020, 2021 and Long Term to 2030
ICIS provides extensive coverage of the global natural gas markets, bringing you independent pricing. ICIS is an established source of essential pricing information, used by key players in the global markets. Read more…. Natural gas is commonly produced alongside oil or other hydrocarbons and can also be found deep underground within rock formations. An increasing amount of gas production stems from non-conventional sources, such as from coal-bed seams or from within shale formations.
Natural Gas Prices, Markets & Analysis
On the supply side, a recent dramatic plunge in crude prices forced US shale producers to shut down production, easing the glut of natural gas and pushing prices higher. Historically, Natural gas reached an all time high of Natural gas - data, forecasts, historical chart - was last updated on May of Natural gas is expected to trade at 1. Looking forward, we estimate it to trade at 1. Trading Economics members can view, download and compare data from nearly countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Features Questions? Contact us Already a Member?
Natural gas prices , as with other commodity prices, are mainly driven by supply and demand fundamentals.
Based on its data for G20 countries, Enerdata analyses the trends in the world energy markets. Access to the most comprehensive and up-to-date database on energy supply, demand, prices and GHG emissions countries.
Natural gas production
We use cookies and equivalent technologies to collect and analyse information on our site's performance and to enable the site to function. Cookies also allow us and third parties to tailor the ads you see when you visit our site and other third party websites in the same online network, including social networks. By clicking 'Agree', you agree to these uses of cookies. If you do not agree or if you would like more information, you can manage your cookie preferences by clicking the link provided. Natural gas consumption rose by billion cubic metres bcm , or 5. Growth in gas consumption was driven mainly by the US 78 bcm , supported by China which also saw above-average growth of The US gas consumption increase of 78 Bcm last year is broadly equivalent to the entire gas consumption of the UK. Global natural gas production increased by bcm, or 5. Almost half of this came from the US 86 bcm , which as with oil production recorded the largest annual growth seen by any country in history. Russia 34 bcm , Iran 19 bcm and Australia 17 bcm were the next largest contributions to growth. World proved gas reserves in increased by 0. Russia Middle East Growth in inter-regional natural gas trade was 39 bcm or 4. LNG supply growth came mainly from Australia 15 bcm , the US 11 bcm and Russia 9 bcm as a number of new liquefaction plants either started or ramped up.
Natural gas domestic consumption
Natural gas prices Natural gas prices, September The chart shows the price of natural gas around the world. Use the drop menu to switch between household and business consumer prices. Various countries report these prices in kWh, Gigajoules or cubic meters and, for consistency, we report all prices in kWh. The world average price is 0. Dollar per kWh for household users and 0. Dollar per kWh for business users.
