# Hydrogen and hydrogen carriers and Natural gas

Their prices have moved together.

Source page: https://www.materialinsights.org/links/hydrogen-and-hydrogen-carriers-and-natural-gas/

[Hydrogen and hydrogen carriers](https://www.materialinsights.org/energy/e_h2_transport/) (energy) and [Natural gas](https://www.materialinsights.org/energy/natural_gas/) (energy): 1 relationship.

## How they are linked

### 1. Price link: main feedstock

*Cost and price · Weak · Both ways*

Most hydrogen is made from natural gas by steam reforming, so gas sets its production cost. The index shows no link to the European gas price, with monthly moves at 0.05, because merchant hydrogen is sold on long contracts with fixed fees.

- **0.05** monthly change correlation
- **-0.00** 12-month change correlation
- **-0.02** fitted elasticity

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