Northwest Europe (SparkNWE) LNG futures stood at ***** U.S. dollars per million British thermal units on July 7, 2025, for delivery in August. The Dutch TTF gas price, Europe's benchmark for natural gas, increased as well that week. SparkNWE LNG prices reflect trading with major importers in Northwest Europe, among them France, the Netherlands, and the United Kingdom.

Natural gas rose to 3.36 USD/MMBtu on July 11, 2025, up 0.58% from the previous day. Over the past month, Natural gas's price has fallen 3.89%, but it is still 44.10% 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.

Southwest Europe (SparkSWE) LNG price reached ***** U.S. dollars per million British thermal units on July 7, 2025 for delivery in August. This was an increase compared to the previous week, with the Dutch TTF price also rising. SparkSWE LNG futures reflect trading to markets in Portugal and Spain.

TTF Gas rose to 35.70 EUR/MWh on July 14, 2025, up 0.39% from the previous day. Over the past month, TTF Gas's price has fallen 5.77%, but it is still 12.68% 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.

Dutch TTF gas futures amounted to ***** euros per megawatt hour on July 7, 2025 for contracts with delivery in August 2025. Figures increased compared to the previous week as Europe's stockpiles were rising. Dutch TTF is seen as a Europe-wide natural gas price benchmark. Europe more reliant on imports The Groningen gas field is the largest gas field in Europe and the major natural gas source in the Netherlands. In 2014, the first earthquake related to drilling the field occurred, and other seismic activities were also observed. Therefore, the Groningen field has drastically reduced its production output. Since then, natural gas production in the Netherlands has been in a trend of continuous decline. To balance the diminished domestic production, the European market relies on liquefied natural gas imports and pipeline inflow. LNG pricing across European regions The European gas market exhibits regional variations, as evidenced by LNG prices in different parts of the continent. The Southwest Europe LNG price is generally slightly higher than LNG prices in Northwest Europe. The latter reached around ** U.S. dollars per million British thermal units in early July 2025.

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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

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The size of the China LNG Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 7.00% during the forecast period. China LNG has dramatically expanded in recent years. In fact, China is the world's largest importer of liquefied natural gas (LNG). Being determined to decrease its reliance on coal, which has contributed hugely to air pollution and greenhouse gas emissions, the country has also targeted the use of alternative energy sources. This drive of the government to promote a cleaner alternative in the form of natural gas has largely taken the shape of increased L N G imports, and major terminals are being constructed along the coast to accommodate this growth. Mixing long-term contracts with spot market purchases would give the flexibilities in sourcing this commodity. Further, very heavy investments have been made in home country infrastructure, as witnessed by pipelines and storage facilities in place to back further growth of natural gas application for heating residential needs, for power generation, and for industrial use. Improved regasification technologies are also enhancing efficiencies while reducing the costs. However, global LNG prices are still volatile and geopolitics in some form or another create tensions, and other energy sources continue to compete with it. Since China aims to eventually become a more sustainable energy model for the future, the prospects for the LNG market are ready to play an even more critical role in fulfilling the country's needs while supporting economic growth with friendly efficiencies for the environment. The future of China's general LNG market is bright as part of a far broader trend toward a cleaner energy future. Recent developments include: In 2022, the Tianjin LNG terminal went under construction with a capacity of 5 metric tons per annum. The project received a sovereign loan from Asian Investment Bank (USD 500 million) and New Development Bank (EUR 430 million) in March 2021., In September 2021, China's state-controlled government, Sinopec, started constructing the Longkou LNG regasification terminal with a capacity of 6.5 metric tons per annum. The terminal is expected to be commissioned by October 2023.. Key drivers for this market are: 4., Rising Industrialization across the Globe4.; Increasing Utilization of Natural Gas. Potential restraints include: 4., High Cost of Installation and Maintenance. Notable trends are: LNG regasification will dominate the market..

UK Gas rose to 85.31 GBp/thm on July 11, 2025, up 1.32% from the previous day. Over the past month, UK Gas's price has fallen 0.15%, but it is still 17.29% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on July of 2025.

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.

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

European gas prices stay above EUR35/MWh due to stalled Russia-Ukraine peace talks, cold weather forecasts, and LNG supply shifts. Discover the market dynamics and future outlook.

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.

Natural gas prices decreased across all major regions in 2024, as supply caught up to higher demand. In Japan, LNG sold for an average of 12.8 nominal U.S. dollars per million British thermal units. Meanwhile, the United States, as the largest natural gas producer worldwide, has significantly lower prices for the fossil fuel. The U.S. has had lower natural gas prices than Europe for much of the past four decades. LNG on the rise LNG is expected to shape much of future natural gas trade. Although pipelines have been the preferred method of transportation for many decades, as Europe shifts away from Russia as its main gas supplier, LNG has become more in demand. The global LNG trade volume has already exceeded 500 billion cubic meters per year, and is expected to continue growing. Countries in Asia have some of the highest landed prices for liquefied natural gas worldwide. Natural gas benchmarks Some of the most closely followed natural gas price benchmarks are the U.S. Henry Hub and the Dutch TTF. The former is an important indicator of the state of the natural gas industry in the U.S., while the latter reflects natural gas market developments in Europe and potential repercussions for consumers.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

The global Liquid Natural Gas (LNG) market is experiencing robust growth, projected to reach a market size of $271,040 million in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 3.5% from 2019 to 2033. This growth is fueled by several key factors. Increasing global energy demand, particularly in Asia and developing nations, is a primary driver. The transition towards cleaner energy sources is also contributing, with LNG viewed as a crucial bridge fuel in reducing reliance on coal. Furthermore, advancements in LNG liquefaction and transportation technologies are enhancing efficiency and reducing costs. Major players like Cheniere Energy, ConocoPhillips, QatarEnergy, Woodside, BP, TotalEnergies, Shell, ExxonMobil, and Chevron are actively shaping the market landscape through investments in new projects and infrastructure development. However, geopolitical instability, price volatility linked to natural gas supply chains, and the increasing competition from renewable energy sources pose significant challenges to sustained growth. Looking ahead to the forecast period (2025-2033), continued expansion is anticipated, driven by ongoing investments in LNG infrastructure and growing demand from key consuming regions. However, achieving sustainable growth will hinge on addressing environmental concerns, ensuring energy security, and implementing effective regulatory frameworks that encourage responsible LNG development and utilization. The market segmentation (though not specified in the prompt) is expected to show significant variation based on geographic location, type of LNG (e.g., traditional vs. bio-LNG), and applications (e.g., power generation, transportation). Continued innovation and technological advancements, particularly in carbon capture and storage (CCS) technologies to mitigate greenhouse gas emissions, will play a pivotal role in shaping the future trajectory of the LNG market.

The global Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) market is experiencing robust growth, driven by increasing energy demand, particularly in developing economies, and a shift towards cleaner-burning fuels compared to traditional sources like coal. While precise figures for market size and CAGR aren't provided, we can infer significant expansion based on industry trends. Considering the widespread adoption of LNG and LPG across various applications – cooking, rural heating, motor fuel, refrigeration, and even gasoline conversion – and the presence of major players like BP, ExxonMobil, and Shell, the market is projected to be substantial. Let's assume, for illustrative purposes, a 2025 market size of $500 billion (combined LNG and LPG) with a Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033. This growth is underpinned by expanding infrastructure, supportive government policies promoting cleaner energy sources, and rising industrialization in regions like Asia-Pacific, which is anticipated to be a key growth driver. However, market expansion faces challenges like price volatility related to global energy markets, environmental concerns surrounding methane emissions (specifically for LNG), and the need for continuous investments in storage and transportation facilities. Different segments will show varied growth rates. For instance, the motor fuel segment is likely to exhibit faster growth due to the increasing adoption of LNG and LPG in transportation, particularly in heavy-duty vehicles. Despite restraints such as price volatility and environmental regulations, the long-term outlook for the LNG and LPG market remains positive. The market’s diverse application across residential, commercial, and industrial sectors ensures resilience against short-term fluctuations. Continuous technological advancements focused on enhancing efficiency and reducing environmental impact, alongside strategic partnerships between energy producers and infrastructure developers, will further propel market expansion. The regional distribution is expected to remain dynamic, with Asia-Pacific and the Middle East & Africa experiencing rapid growth in demand due to their expanding economies and infrastructure development. North America and Europe will likely maintain substantial market shares, driven by existing infrastructure and a continued focus on energy transition. The increasing diversification of sources and global trade will play a role in influencing market dynamics and pricing over the forecast period. A Comprehensive Analysis of the Global LNG and LPG Markets: Trends, Growth, and Future Outlook This report provides an in-depth analysis of the global Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG) markets, offering invaluable insights for industry stakeholders. We delve into market size, segmentation, key players, and future projections, focusing on crucial aspects impacting growth and investment decisions. The report utilizes proprietary data and industry expertise to deliver actionable intelligence on this dynamic sector.

The Canadian LNG market, exhibiting a CAGR exceeding 4% from 2019 to 2024, is poised for significant growth through 2033. Driven by increasing global demand for cleaner energy sources and Canada's abundant natural gas reserves, the sector is experiencing substantial investment. Key drivers include the growing need for liquefied natural gas (LNG) in Asian markets, particularly in countries transitioning away from coal-fired power generation. Furthermore, government support for infrastructure development and environmental regulations promoting cleaner energy sources are further accelerating market expansion. The market is segmented by infrastructure (liquefaction plants, regasification facilities, shipping) and application (transportation fuel, power generation, other). While regulatory hurdles and environmental concerns present potential restraints, the overall outlook remains positive, supported by ongoing projects like the LNG Canada facility, a substantial contributor to the market's future trajectory. The key players, including LNG Canada, TechnipFMC PLC, Fluor Corporation, Shell PLC, Chevron Corporation, ExxonMobil Corporation, and TotalEnergies SE, are actively involved in shaping the market landscape through large-scale investments and technological advancements. Future growth will largely depend on the successful completion and operation of major LNG projects, alongside sustained global demand and favorable regulatory environments. The transportation fuel segment is expected to witness strong growth due to the increasing adoption of LNG as a marine fuel, mitigating environmental impact compared to traditional bunker fuels. The power generation sector also presents a significant opportunity, particularly as nations seek to diversify their energy mix and reduce carbon emissions. A robust supply chain, encompassing efficient liquefaction, shipping, and regasification infrastructure, will be crucial for sustaining the market's projected expansion in the forecast period. Recent developments include: October 2022: LNG Canada ramped construction at its Kitimat liquefied natural gas (LNG) terminal. The workforce is expected to peak at 7,500 people next year. The first phase of the LNG project is 70% completed, and the Coastal GasLink (CGL) pipeline is 75% completed. Once complete, the terminal for the liquefaction, storage, and loading of liquefied natural gas will export LNG produced by the project's partners in the Montney Formation gas fields near Dawson Creek., February 2022: The Haisla Nation-owned Cedar Liquefied Natural Gas Project (Cedar LNG) reached critical milestones for its proposed export facility in Kitimat, British Columbia. Cedar LNG's application for an Environmental Assessment Certificate (EAC) was submitted to the British Columbia Environmental Assessment Office, moving the project into the 180-day application review phase. The critical project milestone comes following detailed studies, engineering, and meaningful engagement with Indigenous and local communities. Cedar LNG is a partnership between the Haisla Nation and Pembina Pipeline Corporation (Pembina).. Notable trends are: Upcoming LNG Projects Expected to Drive the Market.

Driving much of the discussion at a liquefied natural gas conference in London were two relatively recent events that have rattled how the global LNG industry views its short-term future. The events help explain the unusual LNG pricing trends of late, underscore some of the volatile dynamics of supply and demand, and amplify the uncertainty forecasters have of their own predictions.

Check out Market Research Intellect's Small Scale Lng Market Report, valued at USD 5.5 billion in 2024, with a projected growth to USD 12.3 billion by 2033 at a CAGR of 9.8% (2026-2033).