Natural Gas Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition
Natural Gas Price Trend, Index and Forecast
Track the latest insights on natural gas price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.
Natural Gas Prices Outlook Q3 2025
- USA: USD 3.81/MMBtu
- China: USD 2.72/MMBtu
- Saudi Arabia: USD 2.75/MMBtu
- Germany: USD 11.6/MMBtu
- India: USD 4.70/MMBtu
Natural Gas Price Chart
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During the third quarter of 2025, the natural gas prices in the USA reached 3.81 USD/MMBtu in September. Prices declined due to a combination of mild weather conditions reducing heating demand and stable domestic production from shale gas. Supply adequacy across storage facilities helped maintain downward pressure, while liquefied natural gas exports experienced moderate competition from other global suppliers. Additionally, logistical efficiencies in pipeline transport and reduced operational bottlenecks further contributed to price moderation.
During the third quarter of 2025, the natural gas prices in China reached 2.72 USD/MMBtu in September. Prices fell as domestic supply from pipeline and LNG imports remained steady while consumption growth slowed due to a mild summer season. International LNG spot market trends influenced import pricing, and currency stability of the Renminbi minimized additional import cost fluctuations. Policy-driven allocation of natural gas for industrial sectors created temporary imbalances, but overall supply sufficiency kept prices subdued. Distribution network efficiency and strategic storage releases further dampened price volatility during the quarter.
During the third quarter of 2025, the natural gas prices in Saudi Arabia reached 2.75 USD/MMBtu in September. Prices declined sharply as production remained consistent while domestic consumption growth was moderate. Operational improvements in gas processing facilities enhanced output reliability. Government pricing policies and subsidies supported stability in the energy market, keeping wholesale pricing competitive. Seasonal demand variations and limited industrial consumption fluctuations further contributed to downward pressure on natural gas pricing.
During the third quarter of 2025, the natural gas prices in Germany reached 11.6 USD/MMBtu in September. The market experienced a decline due to lower demand from power generation and industrial sectors, influenced by energy efficiency measures and mild summer temperatures. Supply from both domestic sources and pipeline imports remained robust, while storage levels were higher than the seasonal average. Reduced geopolitical pressures and favorable LNG import conditions helped moderate market volatility. Currency stability and minimal disruptions in transportation infrastructure also contributed to the easing of prices during this quarter.
During the third quarter of 2025, the natural gas prices in India reached 4.70 USD/MMBtu in September. Prices increased slightly due to rising industrial and power sector demand as summer cooling requirements remained high. Import reliance, especially for LNG, contributed to incremental cost adjustments, influenced by global supply conditions. Domestic pipeline availability and distribution efficiency supported overall supply reliability, although seasonal maintenance in select facilities caused minor localized pressure. Policy adjustments favoring energy sector expansion also underpinned marginal upward movement in prices.
Natural Gas Prices Outlook Q2 2025
- USA: US$ 3.40/MMBtu
- China: US$ 2.91/MMBtu
- Saudi Arabia: US$ 3.10/ MMBtu
- India: US$ 4.56/MMBtu
- Brazil: US$ 10.78/ MMBtu
During the second quarter of 2025, natural gas prices in the USA reached 3.40 USD/MMBtu in June. In the U.S., natural gas prices softened as shale production outpaced seasonal demand. Strong storage build-ups and mild weather dampened residential and commercial consumption, leading to downward price pressure. The market sentiment remained cautious, shaped by favorable supply fundamentals and restrained consumption growth.
During the second quarter of 2025, natural gas prices in China reached 2.91 USD/MMBtu in June. Natural gas prices in China were generally subdued due to high LNG inventories and softened industrial demand. Imports remained robust, especially from Russia and Central Asia, keeping supply levels elevated. Government oversight and seasonal factors, including milder-than-expected weather, limited price spikes. While domestic pipeline gas saw minor cost adjustments, spot LNG prices hovered low amid muted regional competition. The overall pricing environment remained soft, with supply-side strength outweighing demand pressures.
During the second quarter of 2025, natural gas prices in Saudi Arabia reached 3.10 USD/MMBtu in June. Saudi Arabia's natural gas prices remained largely stable due to fixed domestic pricing policies. Despite rising demand from the petrochemical and industrial sectors, particularly in NEOM and other economic zones, government-subsidized rates insulated the market from global volatility. Strong production from non-associated gas fields ensured ample supply, while ongoing investments in gas infrastructure supported long-term stability. Overall, the pricing environment remained consistent, reflecting a supply-secure, policy-managed structure.
During the second quarter of 2025, natural gas prices in India reached 4.56 USD/MMBtu in June. Natural gas prices in India remained relatively steady, supported by government-regulated pricing for domestic production. LNG imports met a significant portion of industrial and city gas demand, with moderate fluctuations due to shipping costs and geopolitical variables. Although demand from fertilizer and power sectors remained firm, abundant supply, including term LNG contracts, helped contain sharp price shifts. Overall, the market reflected a controlled pricing climate, shaped by policy oversight and steady infrastructure-based distribution.
During the second quarter of 2025, natural gas prices in Brazil reached 10.78 USD/MMBtu in June. Natural gas prices in Brazil remained under downward pressure as new infrastructure and increased domestic supply reshaped the market. State-controlled Petrobras expanded output, while projects like Rota 3 and imports from Argentina injected additional volumes, increasing supply competitiveness. Although demand rose slightly—driven by power generation during drought conditions—this did not offset the growing supply. Distributors also gained leverage through access to more flexible contracts, which helped temper pricing volatility. Overall, the market featured a cautious pricing environment, influenced by expanding supply options and evolving regulatory frameworks.
Natural Gas Prices Outlook Q1 2025
- USA: US$ 3.65/MMBtu
- China: US$ 2.87/MMBtu
- Saudi Arabia: US$ 2.88/MMBtu
- India: US$ 2.88/MMBtu
- Brazil: US$ 12.8/MMBtu
During the first quarter of 2025, the natural gas prices in the USA reached 3.65 USD/MMBtu in March. As per the natural gas price chart, prices exhibited significant fluctuations due to changes in weather and supply dynamics. The warmth of early winter led to a decrease in demand, while occasional cold snaps caused short-lived surges. Production drops in February due to freezing were temporary, and the increase in storage levels in March limited price hikes.
During the first quarter of 2025, the natural gas prices in China reached 2.87 USD/MMBtu in March. Prices hiked on a positive note, bolstered by robust domestic production and industrial usage. With the rise in temperatures during February, the need for heating diminished, leading to a decrease in demand and a softening of prices. The tariff on U.S. LNG further altered dependence on alternative suppliers. Prices saw a slight recovery by March due to tighter domestic supply and peak-shaving demand.
During the first quarter of 2025, the natural gas prices in Saudi Arabia reached 2.88 USD/MMBtu in March. The market witnessed increasing prices, driven by a boom in industrial activity and anticipation of new project production. By the end of February, however, prices decreased as production stabilized to meet demand and milder weather led to a reduction in electricity use. The global supply environment for LNG also exerted pressure on regional prices.
During the first quarter of 2025, the natural gas prices in India reached 2.88 USD/MMBtu in March. There were conflicting indications regarding the market. Although demand increased in the early part of the quarter due to industrial needs and LNG sourcing, prices fell in the middle of the quarter due to mild weather and stable storage levels. Adjustments to tariffs and beneficial import agreements enabled a transition toward cost-effective sourcing.
During the first quarter of 2025, the natural gas prices in Brazil reached 12.8 USD/MMBtu in March. In March 2025, the Brazilian government initiated efforts to reduce natural gas prices, primarily by targeting the costs associated with transporting and processing natural gas. Besides, infrastructure projects and supply routes also led to lower prices.
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Regional Coverage
The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing natural gas prices.
Europe Natural Gas Price Trend
Q3 2025:
During the third quarter of 2025, the natural gas price index in Europe reflected a decline as Germany and other regional markets experienced lower demand from industrial and power sectors. Mild weather reduced consumption, and robust pipeline imports from neighboring countries supported supply stability. Storage levels were higher than average, helping mitigate volatility. LNG imports were competitive, while currency stability contributed to modest market adjustments. Regulatory oversight ensured smooth operations, and limited geopolitical pressures maintained downward price trends across the region.
Q2 2025:
In Europe, natural gas prices largely stabilized at elevated levels, shaped by a combination of declining Russian pipeline flows, constrained storage, and increased dependency on LNG imports. While inventories were below typical seasonal norms, LNG inflows provided some relief, moderating sharp price spikes. However, geopolitical tensions, including Russia–EU gas transit disruptions continued to influence market volatility. Overall, the region saw a cautiously firm pricing environment, balancing firm consumer demand and active replenishment in the face of supply constraints.
Q1 2025:
As per the natural gas price index, European natural gas markets experienced significant price volatility, primarily driven by erratic weather conditions, geopolitical factors, and inventory status. The cold snap in January and limited Russian pipeline flows ignited early price surges. As the weather became more temperate around the middle of the month, prices adjusted downwards. In February, LNG arrivals increased, and tensions eased, but worries about depleted reserves kept prices unstable.
This analysis can be extended to include detailed natural gas price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Natural Gas Price Trend
Q3 2025:
During the third quarter of 2025, the natural gas price index in North America decreased as the USA experienced lower demand from the industrial and residential sectors. Shale gas production remained robust, and pipeline distribution was efficient. Seasonal moderation in weather, combined with higher storage levels, reduced market pressure. LNG exports were balanced by international competition, contributing to a steady decline. Transportation infrastructure reliability and policy oversight ensured an uninterrupted supply, reinforcing the downward price trajectory in North America.
Q2 2025:
In North America, natural gas prices softened modestly. US benchmark gas prices declined by around 9% compared to the previous quarter. This was driven by high production levels, especially from shale basins like the Permian, and strong storage inventories following a mild winter. Rising LNG export capacity supported underlying demand, helping temper steep price drops amid growing output. Overall, the pricing environment remained moderately weak, with natural gas balancing between abundant supply and expanding export opportunities.
Q1 2025:
The price of natural gas in the U.S. exhibited a diverse trajectory throughout Q1 2025 and into mid-April, influenced by fluctuations in weather conditions, supply patterns, and changes in sectoral demand. The milder climate of January reduced heating needs and put downward pressure on prices, although brief cold spells led to intermittent recoveries. Due to freeze-offs impacting production, February saw a slight increase in prices; however, these gains were undone by warming trends in late February.
Specific natural gas historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Natural Gas Price Trend
Q3 2025:
In Q3 2025, natural gas prices in the Middle East and Africa declined due to stable production and moderate industrial consumption. Saudi Arabia maintained high output with efficient distribution, while seasonal demand fluctuations were minimal. Government-supported pricing policies and strategic allocation of gas resources limited market volatility. Export-oriented infrastructure and reliable transport logistics helped maintain supply-demand balance, sustaining overall downward pressure on prices in the region.
Q2 2025:
Natural gas prices in the Middle East and Africa region exhibited relative stability, driven by long-term supply contracts, government-regulated pricing structures, and strong domestic production across key nations like Qatar, Saudi Arabia, and Algeria. In the GCC countries, prices remained largely unaffected by global spot market volatility due to subsidized domestic rates. Overall, the market reflected a stable and supply-secure environment, with limited price volatility throughout the quarter.
Q1 2025:
As per the natural gas price chart, prices in the MEA region demonstrated both upward pressure and subsequent easing. In the early part of the quarter, demand surged, especially within Saudi Arabia's industrial and electricity sectors, leading to elevated prices. Expectations regarding major gas initiatives, increased market optimism. However, by mid-February, prices were tempered by an ample supply resulting from improved production and milder temperatures.
In addition to region-wise data, information on natural gas prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Natural Gas Price Trend
Q3 2025:
During Q3 2025, natural gas prices in Asia Pacific fell moderately as China’s domestic supply and LNG imports remained stable while consumption growth was subdued. Regional distribution efficiency and storage releases helped offset seasonal variations. Policy-driven allocation for industrial users and mild weather conditions contributed to restrained demand. Overall, supply adequacy combined with controlled consumption trends supported moderate price decreases in the region.
Q2 2025:
In the Asia-Pacific region, natural gas prices showed mixed trends across key markets. While countries like Japan and South Korea experienced price stability due to long-term LNG contracts, spot LNG prices declined slightly amid high inventories and mild demand. In contrast, prices in emerging economies such as India and Southeast Asia saw upward pressure driven by increased industrial activity. Overall, the region witnessed a moderately balanced pricing environment, shaped by weather patterns, LNG import dynamics, and varying regional demand profiles.
Q1 2025:
Prices in the Asia-Pacific region exhibited a mixed pattern. They rose in January due to increased industrial demand and higher domestic production, especially in China. In February, though, the demand for heating weakened due to abnormally warm weather, which caused prices to soften. To make matters worse, the U.S. LNG was redirected to other sources such as Qatar and Russia due to the tariffs imposed by China. Even with decreased LNG imports, robust utilization in peak-shaving power generation led to a price revival in March. The market uncertainty was compounded by plentiful storage and variable weather conditions.
This natural gas price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Natural Gas Price Trend
Q3 2025:
In Q3 2025, natural gas prices in Latin America remained relatively stable due to balanced supply and demand. Import reliance for LNG in select markets moderated local price volatility. Distribution networks operated efficiently, while industrial and residential demand remained steady. Seasonal fluctuations had minor impact, and governmental regulatory frameworks supported consistent pricing across major markets.
Q2 2025:
Natural gas prices in Latin America displayed moderate fluctuations influenced by regional supply dynamics and dependency on LNG imports in countries like Chile and Brazil. While domestic production in Argentina and Bolivia provided some market stability, shifting weather patterns and limited infrastructure in some areas led to occasional price adjustments. LNG procurement costs played a key role in setting spot market prices. Overall, the region experienced a cautiously stable pricing environment shaped by mixed supply conditions and varying national energy policies.
Q1 2025:
According to the natural gas price index, the Brazilian government initiated efforts to reduce natural gas prices, primarily by targeting costs associated with pipeline transportation and processing. This initiative aimed to restructure the current system, deemed excessively expensive. The high costs incurred by offshore gas producers when using Petrobras' infrastructure were a key focus, with the government seeking to address these costs and ultimately lower prices for consumers, which caused significant changes to the pricing trends.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Natural Gas Price Trend, Market Analysis, and News
IMARC's latest publication, “Natural Gas Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the natural gas market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of natural gas at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed natural gas prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting natural gas pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.
Natural Gas Industry Analysis
The global natural gas market size reached USD 1,126.71 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 2,529.11 Billion, at a projected CAGR of 8.93% during 2025-2033. The market is primarily driven by the increasing demand for cleaner energy alternatives, rising industrial and power sector consumption, and widespread adoption of LNG infrastructure.
Latest developments in the natural gas industry:
- October 2025: L&T’s Hydrocarbon Onshore division, operating under L&T Energy Hydrocarbon (LTEH) Onshore, secured a significant ultra-mega contract for the construction of a Natural Gas Liquids (NGL) plant along with associated infrastructure in the Middle East. The project encompassed comprehensive engineering, procurement, and construction services aimed at establishing state-of-the-art NGL processing and handling facilities.
- March 2024: Enbridge Inc., a Canadian multinational pipeline and energy company, signed a definitive agreement with WhiteWater/I Squared Capital and MPLX LP to form a joint venture (JV) to develop, build, own, and operate natural gas pipeline and storage assets that will connect Permian Basin natural gas supply to growing LNG and US Gulf Coast demand.
- June 2023: AstraZeneca, a global, science-led biopharmaceutical company, partnered with Vanguard Renewables to deliver renewable natural gas to all its US sites by the end of 2026. The collaboration leveraged food and agricultural waste to power the sites and contribute to the circular economy, reducing greenhouse gas emissions and supporting rural communities.
Product Description
Natural gas is a versatile fossil fuel that is primarily composed of methane and small amounts of other hydrocarbons. Natural gas is a colorless and odorless gas that is extracted from underground reservoirs through drilling. Natural gas is a clean-burning energy source that plays a crucial role in various sectors including power generation, heating, industrial processes, and transportation. It is considered a relatively cleaner alternative to coal and oil because of its lower carbon emissions when burned. Natural gas is transported through pipelines or in liquid form (LNG) for efficient distribution. Its abundance, accessibility, and relatively lower environmental impact have made it a popular choice for meeting energy needs globally. As countries strive to transition to more sustainable energy sources, natural gas continues to be a significant part of the energy mix due to its reliability and lower greenhouse gas emissions as compared to other fossil fuels.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Natural Gas |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Natural Gas Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of natural gas pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
- The study examines factors affecting natural gas price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The natural gas price charts ensure our clients remain at the forefront of the industry.
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