Global gas prices by country are often measured at the world-famous delivery points for liquids futures contracts, such as Henry Hub and the Netherlands’ TTF.
This data-file aims to take a broader approach, aggregating the annual gas prices by country across twenty different geographies.
Covered countries include Argentina, Australia, Brazil, Canada, China, Colombia, Egypt, India, Japan, Kazakhstan, Nigeria, Oman, Qatar, Russia, Saudi Arabia, Singapore, Trinidad, the UAE, the United States and the European region.
Taking a straight-line average, we think that wholesale global gas prices averaged $4/mcf in 2016-19, with an interquartile range of $2-6/mcf, or in other words, a period of exceptionally low and stable gas prices.
Conversely, 2021-22 has seen gas prices rise, but most of all, it is the dispersion in gas prices between different countries that has risen most, reaching all-time records well above $35/mcf.
There are still half a dozen countries enjoying sub-$2.5/mcf wholesale gas in 2022, while each month has seemingly brought an all time record gas price in Europe. We have discussed the implications of this trend in our recent research note here.
Headline statistics on global gas prices by country are calculated in $/mcf in the data-file: including averages, standard deviations, standard errors, ranges and inter-quartile ranges.