Monthly reference price calculations
The Alberta Natural Gas Reference Price is a representative market price for natural gas bought and sold within the province, calculated using a simplified netback model. The Natural Gas Reference Price is a critical input into the valuation of the Crown's royalty volume.
Chart data table
| Month | Dollars per Gigajoule |
|---|---|
| January | 1.62 |
Showing the gas prices for each month of the year 2025.
Price archive
Gas reference prices from 1994 to present
Table 1. Monthly Alberta natural gas reference prices monthly by year $/GJ (dollars per gigajoule)
| Year | January | February | March | April | May | June | July | August | September | October | November | December |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.62 | |||||||||||
| 2024 | 2.63 | 1.73 | 1.48 | 1.25 | 1.01 | 0.78 | 0.64 | 0.53 | 0.43 | 0.66 | 1.33 | 1.62 |
| 2023 | 4.55 | 3.24 | 2.72 | 2.24 | 2.00 | 1.94 | 1.93 | 2.24 | 2.25 | 2.07 | 2.30 | 2.04 |
| 2022 | 3.88 | 4.26 | 4.26 | 5.22 | 5.97 | 6.53 | 5.44 | 3.55 | 4.00 | 3.53 | 5.12 | 5.65 |
| 2021 | 2.32 | 3.00 | 2.54 | 2.33 | 2.56 | 2.78 | 3.17 | 2.78 | 3.15 | 4.01 | 4.57 | 3.99 |
| 2020 | 2.06 | 1.79 | 1.60 | 1.56 | 1.66 | 1.65 | 1.62 | 1.85 | 2.00 | 1.99 | 2.58 | 2.41 |
| 2019 | 1.55 | 2.10 | 1.99 | 0.91 | 1.22 | 0.55 | 0.87 | 0.82 | 0.76 | 1.63 | 2.19 | 2.22 |
| 2018 | 1.74 | 1.76 | 1.54 | 1.26 | 0.78 | 0.75 | 1.14 | 0.94 | 1.03 | 1.21 | 1.59 | 1.69 |
| 2017 | 2.86 | 2.39 | 2.20 | 2.34 | 2.46 | 2.39 | 1.83 | 1.72 | 1.20 | 1.11 | 1.92 | 1.82 |
| 2016 | 2.11 | 1.82 | 1.36 | 1.11 | 0.94 | 1.23 | 1.82 | 1.82 | 2.12 | 2.41 | 2.48 | 2.75 |
| 2015 | 2.83 | 2.51 | 2.53 | 2.30 | 2.33 | 2.36 | 2.38 | 2.56 | 2.55 | 2.40 | 2.21 | 2.12 |
| 2014 | 3.61 | 5.20 | 4.90 | 4.21 | 4.21 | 4.17 | 3.98 | 3.63 | 3.64 | 3.57 | 3.47 | 3.39 |
| 2013 | 2.76 | 2.69 | 2.85 | 3.14 | 3.24 | 3.17 | 2.78 | 2.37 | 2.14 | 2.49 | 3.06 | 3.22 |
| 2012 | 2.56 | 2.13 | 1.83 | 1.63 | 1.58 | 1.75 | 1.92 | 2.05 | 1.94 | 2.36 | 2.90 | 2.98 |
| 2011 | 3.49 | 3.40 | 3.19 | 3.30 | 3.39 | 3.51 | 3.42 | 3.32 | 3.14 | 3.17 | 2.99 | 2.92 |
| 2010 | 4.88 | 4.68 | 4.05 | 3.26 | 3.37 | 3.49 | 3.42 | 3.25 | 3.14 | 2.92 | 3.04 | 3.34 |
| 2009 | 5.77 | 4.66 | 4.01 | 3.41 | 3.13 | 2.97 | 2.94 | 2.72 | 2.48 | 3.40 | 3.77 | 4.51 |
| 2008 | 6.18 | 6.72 | 7.52 | 8.11 | 8.92 | 9.81 | 9.84 | 7.35 | 6.28 | 6.27 | 6.26 | 6.36 |
| 2007 | 6.27 | 6.82 | 6.92 | 6.74 | 6.61 | 6.21 | 5.43 | 4.81 | 4.42 | 4.96 | 5.54 | 5.85 |
| 2006 | 9.52 | 7.38 | 6.47 | 6.18 | 5.71 | 5.29 | 5.22 | 5.84 | 5.12 | 4.40 | 6.51 | 7.05 |
| 2005 | 6.02 | 5.94 | 6.30 | 6.79 | 6.51 | 6.34 | 6.87 | 7.45 | 9.46 | 11.38 | 10.81 | 10.54 |
| 2004 | 6.10 | 5.83 | 5.49 | 5.64 | 6.28 | 6.47 | 6.17 | 5.99 | 5.21 | 5.29 | 6.58 | 6.70 |
| 2003 | 5.88 | 6.83 | 8.94 | 5.88 | 5.73 | 5.93 | 5.58 | 5.08 | 5.19 | 4.92 | 4.60 | 5.11 |
| 2002 | 3.71 | 2.71 | 3.23 | 3.91 | 3.91 | 3.54 | 3.17 | 2.93 | 3.51 | 4.27 | 4.85 | 4.94 |
| 2001 | 11.21 | 8.05 | 6.48 | 6.59 | 5.74 | 4.44 | 3.75 | 3.53 | 2.76 | 2.40 | 3.33 | 3.20 |
| 2000 | 2.50 | 2.62 | 2.72 | 3.10 | 3.35 | 4.33 | 4.42 | 3.93 | 4.66 | 5.53 | 5.79 | 8.28 |
| 1999 | 2.04 | 1.90 | 1.80 | 1.90 | 2.21 | 2.22 | 2.33 | 2.60 | 2.86 | 2.72 | 3.06 | 2.54 |
| 1998 | 1.80 | 1.73 | 1.71 | 1.84 | 1.84 | 1.71 | 1.83 | 1.78 | 1.56 | 1.86 | 2.19 | 2.22 |
| 1997 | 2.77 | 2.28 | 1.39 | 1.44 | 1.57 | 1.65 | 1.59 | 1.57 | 1.73 | 2.07 | 2.37 | 1.95 |
| 1996 | 1.62 | 1.61 | 1.60 | 1.51 | 1.41 | 1.37 | 1.38 | 1.38 | 1.20 | 1.28 | 1.79 | 2.36 |
| 1995 | 1.39 | 1.25 | 1.20 | 1.19 | 1.25 | 1.27 | 1.10 | 1.07 | 1.20 | 1.25 | 1.29 | 1.39 |
| 1994 | 1.93 | 2.04 | 2.07 | 1.82 | 1.80 | 1.66 | 1.73 | 1.66 | 1.50 | 1.35 | 1.53 | 1.56 |
Average market prices from 1988 to 1993
Table 2. Monthly Alberta natural gas average market prices by year $/GJ (dollars per gigajoule)
| January | February | March | April | May | June | July | August | September | October | November | December | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1993 | 1.46 | 1.42 | 1.47 | 1.53 | 1.59 | 1.56 | 1.49 | 1.50 | 1.55 | 1.56 | 1.87 | 1.94 |
| 1992 | 1.36 | 1.26 | 1.22 | 1.24 | 1.26 | 1.28 | 1.21 | 1.28 | 1.28 | 1.45 | 1.45 | 1.44 |
| 1991 | 1.64 | 1.59 | 1.49 | 1.42 | 1.38 | 1.30 | 1.25 | 1.18 | 1.18 | 1.22 | 1.33 | 1.36 |
| 1990 | 1.62 | 1.64 | 1.59 | 1.53 | 1.55 | 1.50 | 1.50 | 1.48 | 1.48 | 1.52 | 1.58 | 1.64 |
| 1989 | 1.62 | 1.62 | 1.58 | 1.55 | 1.54 | 1.50 | 1.46 | 1.46 | 1.47 | 1.47 | 1.52 | 1.55 |
| 1988 | 1.56 | 1.63 | 1.60 | 1.53 | 1.48 | 1.46 | 1.53 | 1.53 | 1.53 | 1.55 | 1.59 | 1.61 |
Contact
Connect with Gas Royalty Operations:
Hours: 8:15 am to 4:30 pm (open Monday to Friday, closed statutory holidays)
Edmonton
Email: oil.gas.royalty@gov.ab.ca
Address:
Alberta Energy and Minerals
Gas Royalty Operations
7th Floor, North Petroleum Plaza
9945 108 Street
Edmonton, Alberta T5K 2G6
Calgary
Email: gasvaluation.energy@gov.ab.ca
Address:
Alberta Energy and Minerals
Pricing and Analysis
Centennial Place
1050, 250 5 Street SW
Calgary, Alberta T2P 0R4