# Energy-intensive industry and Natural gas

Their prices have moved together.

Source page: https://www.materialinsights.org/links/energy-intensive-industry-and-natural-gas/

[Energy-intensive industry](https://www.materialinsights.org/energy/e_heavy_industry/) (energy) and [Natural gas](https://www.materialinsights.org/energy/natural_gas/) (energy): 1 relationship.

## How they are linked

### 1. Price link: fuel cost

*Cost and price · Moderate · Both ways*

Gas sets the marginal cost of power in many grids and is burned directly in heavy industry. Monthly moves correlate at -0.08 with European gas but yearly at 0.35, because US tariffs follow American gas with a delay set by regulators.

- **-0.08** monthly change correlation
- **0.35** 12-month change correlation
- **0.09** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.