Global price of Natural gas, EU
This dataset tracks global price of natural gas, eu over time.
Latest Value
12.30
Year-over-Year Change
13.82%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'Global price of Natural gas, EU' series tracks the monthly price of natural gas for the European Union. This metric is crucial for understanding energy costs and their impact on businesses and consumers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series represents the global market price of natural gas for the European Union, a key indicator of energy costs and supply dynamics. Economists and policymakers monitor this trend to assess the state of the EU energy market and its implications for inflation, trade, and economic growth.
Methodology
The data is collected and calculated by the U.S. Energy Information Administration.
Historical Context
Natural gas prices influence the operating costs of many industries and the budgets of households, making this a critical economic indicator.
Key Facts
- Natural gas is a major energy source for the European Union.
- Prices peaked in 2022 due to supply disruptions from the Russia-Ukraine war.
- Fluctuations in natural gas prices can significantly impact EU inflation and economic growth.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly global market price of natural gas for the European Union, a key indicator of energy costs and supply dynamics.
Q: Why is this trend relevant for users or analysts?
A: Natural gas prices influence the operating costs of many industries and the budgets of households, making this a crucial economic indicator for the EU.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Energy Information Administration.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the state of the EU energy market and its implications for inflation, trade, and economic growth.
Q: Are there update delays or limitations?
A: The data is published monthly, with occasional delays due to data collection and processing.
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Citation
U.S. Energy Information Administration, Global price of Natural gas, EU (PNGASEUUSDM), retrieved from FRED.