Household Natural Gas Prices by Country
In March 2024, Global Petrol Prices reported household natural gas prices across countries, showcasing significant differences. Sweden ranked highest at USD 0.204 per kWh, while Iran recorded the lowest price at USD 0.001 per kWh.
Which countries have the highest household natural gas prices in 2024?
Countries with the highest household natural gas prices typically face high import costs, infrastructure challenges, or high taxation. The top 10 include:
1. Sweden – USD 0.204
2. Singapore – USD 0.185
3. Switzerland – USD 0.181
4. Brazil – USD 0.176
5. Hong Kong – USD 0.145
6. Italy – USD 0.141
7. Portugal – USD 0.134
8. Denmark – USD 0.127
9. Austria – USD 0.126
10. Ireland – USD 0.125
Which countries have the lowest household natural gas prices in 2024?
Countries with low natural gas prices often benefit from abundant resources or government subsidies. The 10 cheapest are:
1. Iran – USD 0.001
2. Algeria – USD 0.003
3. Belarus – USD 0.006
4. Russia – USD 0.006
5. Egypt – USD 0.006
6. Argentina – USD 0.007
7. Bahrain – USD 0.013
8. Bangladesh – USD 0.014
9. Turkey – USD 0.014
10. Azerbaijan – USD 0.014
How do household natural gas prices vary by region?
Regional trends reveal significant contrasts in natural gas prices:
- **Europe:** Sweden (USD 0.204) and Switzerland (USD 0.181) have the highest prices, while Belarus (USD 0.006) and Russia (USD 0.006) are among the cheapest.
- **Asia:** Singapore leads with USD 0.185, while Iran offers the lowest globally at USD 0.001.
- **North America:** Prices range from USD 0.042 in the U.S. to USD 0.035 in Canada.
- **South America:** Brazil tops at USD 0.176, while Argentina offers one of the lowest prices at USD 0.007.
- **Africa:** Algeria (USD 0.003) and Egypt (USD 0.006) showcase affordable rates.
What factors influence natural gas prices for households?
Key factors include production costs, infrastructure investments, taxation policies, and reliance on imports. Countries rich in natural gas resources, such as Iran and Algeria, often maintain low prices due to reduced dependency on imports and government subsidies.
Why is natural gas pricing significant?
Natural gas prices directly impact household budgets and energy affordability. High prices in Sweden and Singapore may encourage energy conservation and renewable alternatives, while low prices in Iran and Algeria support affordability but may discourage efficiency improvements.
