Natural gas prices

Worker inspects gas storage plant
Natural gas prices rose in Europe and Asia, but fell in North America, where rising US natural gas output pushed gas prices to record discounts against both crude oil and international gas prices

Prices

Natural gas prices 2012

Methodology

Annual prices are given for benchmark natural gas hubs together with contracted pipeline and LNG imports. The benchmark hub prices incorporate US (Henry Hub), Canada (Alberta) and the UK (NBP). Contract prices are represented by LNG imports into Japan and Average German Import Prices.

The prices for LNG and European border are calculated as cif prices, where cif = cost + insurance + freight (average freight prices) in US dollars per million British thermal units (Btu).