How are natural gas prices calculated?

Some years ago, the price of natural gas was indexed to the price of crude oil. In recent years, this has changed and a number of trading hubs and exchanges have developed across Europe which serve as spot markets and reference gas prices. The euro/dollar exchange rate also influences prices, since oil products are normally traded in dollars. Other factors that influence gas prices are mainly a function of market supply and demand, including natural gas production, net imports, underground storage levels, economic conditions, weather conditions and petroleum prices.

Return to FAQs

Was this answer helpful?


Ask us a question

If you have a question that isn't answered here, fill out the form below and one of the team will get back to you as soon as possible.

Are you a customer?

Your details

We will handle your data carefully, only using it to respond to your enquiry, for account matters (if you are a customer) and for our legitimate purposes of telling you news about Flogas products and services.  We will not share your data (except for legal purposes).
Find out more in our privacy policy at If you do not wish to hear from us about Flogas products and services you can tell us now or at anytime by emailing or calling 0800 022 3232