Natural gas prices

Gas prices fell in Europe, Asia and North America

Natural gas prices fell in all regions with the largest percentage declines in North America; the US benchmark Henry Hub fell to its lowest level since 1999. These low gas prices are an outcome of sustained supply growth, led by the US and Asia.

Natural gas prices ($/mmBtu)

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).

Related content