Average benchmark prices of natural gas for selected region and countries, 2020-2022

Sources

IEA analysis based on Argus Media Limited, (2023), https://www.argusmedia.com/en; ICIS Digital, (2023), https://www.icis.com/explore/services/digital/

Notes

The benchmark price for the United States is taken from Henry Hub natural gas spot prices. For the other regions shown here, the benchmark prices are derived from LNG and/or pipeline gas prices. Domestic distribution costs and VAT are added to calculate the reference market prices. See the methodology document for a full explanation of how consumption subsidies are calculated: https://www.iea.org/topics/energy-subsidies.