In the fourth quarter of 2023, the price of liquefied natural gas in India reached 589 USD/MT by December. Similarly, in Germany, the liquefied natural gas prices hit 654 USD/MT during the same month in 2023.

Global liquefied natural gas prices have shown less volatility in 2024 and 2025 than the years prior, with the benchmark price reaching ***** U.S. dollars per million metric British thermal units in June 2025. This figure represents an increase from the same period a year earlier. The global LNG benchmark, which is largely influenced by Asian market trading, particularly Indonesian LNG in Japan, serves as a key indicator for the industry's pricing trends. Natural gas prices become less volatile The Asian LNG market experienced less turbulence in 2024 compared to the previous year, with price volatility dropping to ** percent. This relative stability followed an exceptionally volatile 2022, when LNG demand surged due to sanctions on Russian imports. The global natural gas price index, which encompasses European, Japanese, and American markets, stood at ***** index points in May 2025, showing a slight decrease that month. This trend is also reflected in overall lower crude oil price indices. Landed prices vis-à-vis export prices Due to its geographical location, Japan is exclusively reliant on LNG trading for its natural gas supply. As such, Japan's landed LNG spot price is often higher than for other markets, reaching approximately ***** U.S. dollars per million British thermal units in January 2024. By comparison, the world's largest LNG exporter, the United States, has seen its LNG export prices decrease to **** U.S. dollars per thousand cubic feet in 2024, down from **** U.S. dollars the previous year.

Get the latest insights on price movement and trend analysis of Liquefied Natural Gas in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Natural gas rose to 3.57 USD/MMBtu on July 18, 2025, up 0.73% from the previous day. Over the past month, Natural gas's price has fallen 12.66%, but it is still 67.66% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on July of 2025.

Japan and China have some of the highest spot prices for liquefied natural gas. In January 2024, customers in Japan and China paid approximately 10.05 U.S. dollars per million British thermal unit of LNG delivered. Destination markets in Europe and South America experienced slightly lower shipping costs. In the last few years, the global trade volume of LNG has increased notably, exceeding 500 billion cubic meters shipped.

LNG demand growth and largest destination markets

Increased gas demand and improved liquefaction technology has prompted growth in the gas market and the entry of new players. LNG prices were initially strongly influenced by crude oil, however, as the market grew it developed independent benchmarks. As one of the largest LNG importing countries, the price for LNG in Japan has become synonymous with the global benchmark.

CN: Liquefied Natural Gas (LNG): Market Low Price: Zhejiang: Hangzhou data was reported at 4,430.000 RMB/Ton in 09 May 2025. This records a decrease from the previous number of 4,530.000 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Zhejiang: Hangzhou data is updated daily, averaging 4,680.000 RMB/Ton from Sep 2023 (Median) to 09 May 2025, with 89 observations. The data reached an all-time high of 6,518.000 RMB/Ton in 29 Dec 2023 and a record low of 3,982.000 RMB/Ton in 19 Apr 2024. CN: Liquefied Natural Gas (LNG): Market Low Price: Zhejiang: Hangzhou data remains active status in CEIC and is reported by Shandong Longzhong Information Technology Co., Ltd.. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBP: Liquefied Natural Gas (LNG): Market Price.

In February 2025, the monthly average LNG export price stood at 8.43 U.S. dollars per 1,000 cubic feet. This was a decrease compared to the previous month but higher than prices a year prior. In June 2022, a fire at the Freeport LNG export terminal impacted export capacities, pushing up prices in the months following. Natural gas prices and those for LNG specifically increased in the spring of 2022 following the Russia-Ukraine war as many European countries looked for suppliers outside Russia. The annual LNG export price from the United States stood at 6.41 U.S. dollars per 1,000 cubic feet in 2024.

The global Liquefied Natural Gas (LNG) Delivery Pipe market is experiencing robust growth, driven by the increasing demand for natural gas as a cleaner energy source and the expansion of LNG infrastructure worldwide. Let's assume, for illustrative purposes, a 2025 market size of $5 billion and a Compound Annual Growth Rate (CAGR) of 7% over the forecast period (2025-2033). This implies significant market expansion, reaching an estimated $9.5 billion by 2033. This growth is fueled by several key factors: the rising adoption of LNG as a transportation fuel, particularly in heavy-duty vehicles and maritime applications; the development of new LNG receiving terminals and pipelines in emerging economies; and the ongoing efforts to reduce carbon emissions, making natural gas a transitional fuel of choice. The market is segmented by pipe type (flexible and rigid) and application (ports, factories, LNG gas stations, and others), with flexible pipes gaining traction due to their adaptability in challenging terrains. Key players like Wujin Stainless Steel Pipe Group, LS Metal, and Chart Industries are investing heavily in research and development, focusing on innovative materials and manufacturing techniques to enhance pipe durability and efficiency. However, market growth is not without its challenges. Fluctuations in natural gas prices, stringent regulatory compliance requirements, and the potential for material shortages pose significant restraints. Furthermore, the high initial investment costs associated with LNG infrastructure development can hinder market penetration in certain regions. Despite these challenges, the long-term outlook for the LNG Delivery Pipe market remains positive, driven by the increasing global energy demand and the shift towards cleaner energy solutions. Regional variations exist, with North America and Asia-Pacific expected to dominate the market, fueled by robust economic growth and increasing energy consumption in these regions. Strategic partnerships and technological advancements will play a crucial role in shaping the future competitive landscape of this dynamic market.

Graph and download economic data for Global price of LNG, Asia (PNGASJPUSDM) from Jan 1992 to Jun 2025 about Asia, World, and price.

TTF Gas fell to 33.69 EUR/MWh on July 18, 2025, down 2.31% from the previous day. Over the past month, TTF Gas's price has fallen 18.76%, but it is still 6.23% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on July of 2025.

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Liquefied Natural Gas (LNG) Market Size 2025-2029

The liquefied natural gas (LNG) market size is forecast to increase by USD 27.79 billion, at a CAGR of 8% between 2024 and 2029.

The market is experiencing significant growth, driven by the surge in LNG production and the increasing demand for LNG bunkering. The production increase is due to the expansion of LNG infrastructure in key producing regions, enabling greater access to natural gas resources and facilitating the liquefaction process. Simultaneously, the demand for LNG bunkering is rising as more shipping companies adopt LNG as a cleaner alternative fuel for their vessels, in response to stricter environmental regulations. However, the LNG market faces challenges, including the fluctuations in global oil and gas prices. These price volatilities can impact the profitability of LNG projects, as the price of LNG is closely linked to the price of oil.
Additionally, the infrastructure required for LNG production, transportation, and regasification is capital-intensive and complex, posing challenges for companies looking to enter the market. Furthermore, safety concerns and the need for specialized expertise to handle LNG can create operational challenges for companies. To capitalize on market opportunities and navigate these challenges effectively, companies must remain agile, invest in innovative technologies, and collaborate with industry partners to optimize their operations and mitigate risks.

What will be the Size of the Liquefied Natural Gas (LNG) Market during the forecast period?

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The market continues to evolve, driven by shifting consumer demands, technological advancements, and regulatory changes. LNG metering and insulation technologies are crucial components in ensuring accurate measurement and efficient storage of this cryogenic fuel. LNG derivatives and contracts provide flexibility in managing price risks and securing supply. Industrial applications of LNG span various sectors, including power generation, heavy-duty vehicles, and processing industries. LNG valves, membranes, and pumps are essential components in LNG infrastructure, enabling the safe and efficient handling of this fuel. Carbon capture and utilization are emerging applications, offering potential environmental benefits. LNG pricing remains volatile due to market dynamics, supply and demand imbalances, and geopolitical factors.

Transportation, from production sites to end-users, involves complex logistics, including LNG tankers, pipelines, and terminals. Regulations and safety standards are continually evolving to address emerging challenges and ensure the safe and sustainable use of LNG. LNG vaporization and shipping technologies are essential for converting LNG back into its gaseous state for use as a fuel. LNG bunkering and supply chain optimization are crucial for the growing use of LNG as a marine fuel. LNG utilization in residential applications and export markets is expanding, driven by innovation and evolving consumer preferences. LNG production processes, such as gas-to-liquids (GTL), are advancing to improve efficiency and reduce emissions.

LNG hydrogen and fuel cells are emerging applications, offering potential benefits in decarbonizing energy systems. The LNG market's continuous dynamism underscores the importance of staying informed about the latest trends and developments.

How is this Liquefied Natural Gas (LNG) Industry segmented?

The liquefied natural gas (lng) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Power
  Industry
  Others


Application

  Off-grid power plants
  Transportation
  Industrial and manufacturing
  Marine fuel
  Others


Geography

  North America

    US
    Canada


  Europe

    Norway
    Russia
    The Netherlands


  Middle East and Africa

    Qatar
    UAE


  APAC

    China
    Japan


  Rest of World (ROW)

.

By End-user Insights

The power segment is estimated to witness significant growth during the forecast period.

Liquefied Natural Gas (LNG) is a critical component of the global energy landscape, with increasing demand driven by various factors. The shift towards cleaner fuels for power generation and industrial applications is a significant trend, as LNG emits fewer greenhouse gases compared to coal and oil. LNG cryogenics technology enables the liquefaction, storage, and transportation of natural gas in its liquid form, making it a versatile fuel for various sectors. LNG infrastructure, including regasification terminals and pipelines, is essential for importing and distr

CN: Liquefied Natural Gas (LNG): Market High Price: Chongqing data was reported at 4,617.500 RMB/Ton in 09 May 2025. This records a decrease from the previous number of 4,633.330 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market High Price: Chongqing data is updated daily, averaging 4,497.000 RMB/Ton from Feb 2020 (Median) to 09 May 2025, with 274 observations. The data reached an all-time high of 8,880.000 RMB/Ton in 25 Feb 2022 and a record low of 3,200.000 RMB/Ton in 23 Oct 2020. CN: Liquefied Natural Gas (LNG): Market High Price: Chongqing data remains active status in CEIC and is reported by Shandong Longzhong Information Technology Co., Ltd.. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBP: Liquefied Natural Gas (LNG): Market Price.

About the ProjectKAPSARC is analyzing the shifting dynamics of the global gas markets. Global gas markets have turned upside down during the past five years: North America has emerged as a large potential future LNG exporter while gas demand growth has been slowing down as natural gas gets squeezed between coal and renewables. While the coming years will witness the fastest LNG export capacity expansion ever seen, many questions are raised on the next generation of LNG supply, the impact of low oil and gas prices on supply and demand patterns and how pricing and contractual structure may be affected by both the arrival of U.S. LNG on global gas markets and the desire of Asian buyers for cheaper gas.Key PointsIn the past year, global gas prices have dropped significantly, albeit at unequal paces depending on the region. All else being equal, economists would suggest that this should have generated a positive demand response. However, “all else” was not equal. Prices of other commodities also declined while economic growth forecasts were downgraded. Prices at benchmark points such as the U.K. National Balancing Point (NBP), U.S. Henry Hub (HH) and Japan/Korea Marker (JKM) slumped due to lower oil prices, liquefied natural gas (LNG) oversupply and unseasonal weather. Yet, the prices of natural gas in local currencies have increased in a number of developing countries in Africa, the Middle East, Latin America, former Soviet Union (FSU) and Asia. North America experienced demand growth while gas in Europe and Asia faced rising competition from cheaper coal, renewables and, in some instances, nuclear. Gains to European demand were mostly weather related while increases in Africa and Latin America were not significant. For LNG, Europe became the market of last resort as Asian consumption declined. Moreover, an anticipated surge in LNG supply, brought on by several new projects, may lead to a confrontation with Russian or other pipeline gas suppliers to Europe. At the same time, Asian buyers are seeking concessions on pricing and flexibility in their long-term contracts. Looking ahead, natural gas has to prove itself a credible and affordable alternative to coal, notably in Asia, if the world is to reach its climate change targets. The future of the gas industry will also depend on oil prices, evolution of Chinese energy demand and impact of COP21 on national energy policies. Current low prices mean there is likely to be a pause in final investment decisions (FIDs) on LNG projects in the coming years.

During the first quarter of 2025 and into mid-April, U.S. natural gas prices exhibited a mixed trend driven by fluctuating weather patterns, shifting supply dynamics, and varied demand across sectors. In January, prices initially declined as above-average temperatures across key regions limited heating demand, but brief cold snaps later in the month sparked temporary rebounds. February saw modest price recoveries fueled by increased residential consumption during colder spells and a slight dip in production due to freeze-offs in certain basins.

Graph and download economic data for U.S. Natural Gas Liquid Composite Price (MNGLCP) from Jan 2009 to Apr 2025 about natural resources, composite, gas, price, and USA.

The global natural gas price index stood at 200.29 index points in June 2025. Natural gas prices increased that month as cooling demand increased. The global price index takes into account indices from Europe, Japan, and the United States – some of the largest natural gas trading markets. The U.S. is the leading natural gas exporter in the world. Means of trading natural gas Liquefied natural gas (LNG) is the most common form of trading natural gas. Although piped gas is often the preferred choice for transportation between neighboring producing and consuming countries, seaborne trade as LNG has grown in market volume. This is in part thanks to high consumption in pipeline-inaccessible areas such Japan, Korea, and China, as well as the recent increase in LNG trade by European countries. Major natural gas price benchmarks The natural gas prices often used as global benchmarks are Europe’s Dutch TTF traded on the Intercontinental Exchange, Indonesian LNG in Japan, and the U.S. Henry Hub traded on the New York Mercantile Exchange. 2022 was an especially volatile year for natural gas prices, as supply was severely constrained following sanctions on Russian imports. Other reasons for recent spikes in gas prices are related to issues at refineries, changes in demand, and problems along seaborne supply routes.

Natural gas prices (Japan) in , June, 2025 For that commodity indicator, we provide data from January 1977 to June 2025. The average value during that period was 7.25 USD per million British thermal units with a minimum of 2.72 USD per million British thermal units in December 1998 and a maximum of 23.73 USD per million British thermal units in September 2022. | TheGlobalEconomy.com

Liquefied Natural Gas (LNG): Market Main Price: Heilongjiang data was reported at 4,750.000 RMB/Ton in 09 May 2025. This stayed constant from the previous number of 4,750.000 RMB/Ton for 02 May 2025. Liquefied Natural Gas (LNG): Market Main Price: Heilongjiang data is updated daily, averaging 5,100.000 RMB/Ton from Feb 2020 (Median) to 09 May 2025, with 274 observations. The data reached an all-time high of 10,400.000 RMB/Ton in 15 Jan 2021 and a record low of 3,100.000 RMB/Ton in 23 Oct 2020. Liquefied Natural Gas (LNG): Market Main Price: Heilongjiang data remains active status in CEIC and is reported by Shandong Longzhong Information Technology Co., Ltd.. The data is categorized under China Premium Database’s Energy Sector – Table CN.RBP: Liquefied Natural Gas (LNG): Market Price.

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Liquefied Natural Gas (LNG) Bunkering Market Size 2025-2029

The liquefied natural gas (LNG) bunkering market size is forecast to increase by USD 1.59 billion at a CAGR of 21.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing supply of LNG and the rising demand for cleaner fuels in the maritime industry. However, this market is not without challenges. High capital requirements for using LNG as a marine fuel can pose a significant barrier to entry for some players. Furthermore, regulatory hurdles impact adoption, as various international and regional regulations governing LNG bunkering and safety standards continue to evolve. Supply chain inconsistencies also temper growth potential, as the availability and reliability of LNG supply infrastructure remain crucial factors in the market's development. As the world shifts towards reducing carbon emissions, LNG is becoming an increasingly popular choice as a marine fuel due to its lower carbon footprint compared to traditional fuel oils and crude oil.
To capitalize on market opportunities and navigate challenges effectively, companies must stay abreast of regulatory developments, invest in infrastructure, and build strong partnerships with suppliers and logistics providers. By doing so, they can position themselves to benefit from the growing demand for cleaner fuels and the expanding LNG bunkering market. As the maritime industry shifts towards eco-friendly shipping options, LNG-driven ships are gaining popularity due to their lower sulfur emissions compared to Heavy Fuel Oil (HFO), Marine Gas Oil (MGO), and MDO.

What will be the Size of the Liquefied Natural Gas (LNG) Bunkering Market during the forecast period?

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The LNG bunkering market is experiencing significant activity and trends as the maritime industry transitions to cleaner fuels. LNG demand continues to rise, driven by the adoption of dual fuel engines and LNG as a fuel for boilers. LNG distribution is evolving with advancements in transfer systems, such as cryogenic transfer and vapor recovery, and the integration of LNG with renewable energy sources. LNG production is increasing, with new liquefaction plants coming online, and LNG pricing models are being refined through futures markets and risk management strategies. The LNG spot market is becoming more volatile, necessitating effective hedging and contract negotiations. Additionally, the demand for LNG bunkering is increasing due to the growing popularity of LNG as a cleaner alternative to traditional fuel sources in the maritime industry. Another significant factor influencing the LNG market is the fluctuations in global oil and gas prices, which can impact the profitability of LNG producers and consumers.
Sustainability is a key focus in the LNG industry, with initiatives to reduce emissions through carbon capture and the development of LNG biofuel and biogas. Gas-to-liquid technology is also gaining attention as a potential solution for decarbonizing the industry. LNG handling systems are being optimized for efficient and safe operations, with a focus on reducing emissions and minimizing environmental impact. The use of LNG in shipping is expanding, with the industry aiming for a greener future. Despite challenges, such as price fluctuations and the need for infrastructure investments, the LNG market remains a dynamic and innovative space, driving progress towards a more sustainable maritime sector. LNG is increasingly utilized in power generation, particularly in electric power and distributed power projects, as an alternative to traditional fossil fuels like coal and oil.

How is this Liquefied Natural Gas (LNG) Bunkering Industry segmented?

The liquefied natural gas (LNG) bunkering industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Tanker
  Ferry and ro-ro
  Container
  Others


End-user

  Commercial
  Defense


Product Type

  Ship-to-ship
  Port-to-ship
  Truck-to-ship
  Portable tanks


Geography

  North America

    US


  Europe

    Denmark
    France
    Germany
    Norway
    The Netherlands
    UK


  APAC

    China
    Japan
    Singapore


  Rest of World (ROW)

By Application Insights

The tanker segment is estimated to witness significant growth during the forecast period. The maritime industry is witnessing a shift towards cleaner and more sustainable marine fuels, with LNG emerging as a prominent alternative to traditional bunker fuels. Container shipping, a significant sector in the shipping industry, is leading the way in LNG adoption. LNG bunkering investments are surging to support the growing demand for carbon-neutral marine fuel. Offshore vessels and LNG stora

About the ProjectKAPSARC is analyzing the shifting dynamics of the global gas markets, which have turned upside down during the past five years. North America has emerged as a large potential future LNG exporter while gas demand growth has been slowing down as natural gas gets squeezed between coal and renewables. While the coming years will witness the fastest LNG export capacity expansion ever seen, many questions are raised on the next generation of LNG supply, the impact of low oil and gas prices on supply and demand patterns and how pricing and contractual structure may be affected by both the arrival of U.S. LNG on global gas markets and the desire of Asian buyers for cheaper gas.Key PointsThough Africa is traditionally considered as an exporter of pipeline gas and liquefied natural gas (LNG), in future it could come to be seen as an LNG market. Until recently, financing issues, market conditions, price sensitivity and the small size of the individual gas markets were all strong deterrents to sellers looking at Africa as an LNG destination, even though the region’s per capita energy consumption is very low and there are hundreds of millions without electricity and modern cooking facilities. But now the situation has fundamentally changed because, faced with the slowdown in Asian LNG demand and a global LNG oversupply, sellers are looking for new markets. At the same time, LNG has become more affordable, more flexible and is increasingly sold on a spot basis. So now, gas can be part of the solution to developing Africa’s electricity generation, along with renewables. Most African countries would need small initial volumes to feed the integrated LNG-to-power projects that sponsors are considering. This could lead to a further development of gas demand in other sectors as gas supply becomes available and infrastructure is developed. The majority of countries are opting for floating storage and re-gasification units (FSRUs), enabling faster implementation. The new markets could benefit from the proximity of existing African LNG suppliers, and future projects in Cameroon and Eastern Africa as suppliers optimize shipping distances. The key issues of financing and the role of the state see investors looking for governments to provide regulatory and political clarity to prospective sellers, financial institutions to facilitate access to capital and LNG suppliers that will accept the risk of delivering to these new markets. The choice of pricing mechanism and contract commitment will be key for their viability. The intended gas and power markets for these new LNG projects will only be developed if domestic gas and electricity buyers can secure their offtake liabilities and ability to pay for the energy to the satisfaction of lenders.