The article presents an analysis of external and internal factors of natural gas pricing in terms of their influence on the dynamics of gas prices, as well as their importance for Russia in order to ensure the economic development of the gas industry and the possibility of increasing the security of the economy from internal
and external threats in the energy sector. As a result of the analysis, various groups of factors influencing natural gas prices were identified. In general, all factors can be classified into primary and secondary, external and internal factors of gas prices. Still significant today are such factors influencing the dynamics of natural gas prices as security of supply, energy efficiency and the impact of technological "shocks" in the
production and transportation of natural gas. Taking into account these factors, it is also necessary to ensure the possibility of Russia's economic development by increasing the competitiveness of the gas industry, the payback of gas industry projects and ensuring equal profitability of domestic gas prices with the prices of its exports.