Natural gas fell to 3.62 USD/MMBtu on June 9, 2025, down 4.40% from the previous day. Over the past month, Natural gas's price has fallen 0.78%, but it is still 24.48% 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 June of 2025.

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

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 May 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 2023 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 March 2025, showing a decrease of nearly ** points that month. This upward trend in natural gas prices contrasts with the comparatively lower crude oil price indices and follows greater heating demand in the winter months. 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 2023, 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).

Interactive chart illustrating the history of Henry Hub natural gas prices. The prices shown are in U.S. dollars.

Graph and download economic data for Global price of LNG, Asia (PNGASJPUSDQ) from Q1 1992 to Q1 2025 about Asia, World, and price.

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.

In 2022, liquified natural gas (LNG) cost approximately 18.4 U.S. dollars per million British thermal units in Japan. The country imported the majority of its natural gas supply from overseas.

Natural gas production in Japan

Since Japan has limited natural resources, it heavily depends on imports for its primary energy supply. Only a small amount of the total supply of natural gas energy is produced domestically in areas such as Hokkaido, Chiba, or Niigata Prefecture. The natural gas produced in the around 60 oil and natural gas mines operating in Japan is mainly wet and dry natural gas. Minami-Kanto natural gas fields dissolved in water, which lies across Chiba Prefecture and surrounding prefectures, yields close to 20 percent of the total production of natural gas in the country. The saltwater in the field also includes a great amount of iodine. Japan is hence one of the leading countries regarding iodine production.

LNG imports

Apart from the two percent of in-house natural gas production, the rest of the natural gas supply in Japan originates from liquefied natural gas (LNG) imports from countries like Australia, the state of Qatar, Malaysia, and Indonesia.

Japan imported over 71 megatons of LNG in recent years, making the country the world’s largest importer of LNG. Natural gas and LNG accounted for over 23 percent of the total primary energy supply in Japan, indicating that natural gas and LNG are some of the most essential resources the country requires.

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.

TTF Gas fell to 36.52 EUR/MWh on June 6, 2025, down 0.34% from the previous day. Over the past month, TTF Gas's price has risen 6.64%, and is up 9.97% compared to the same time last year, 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 June of 2025.

The average monthly price for natural gas in the United States amounted to 4.13 nominal U.S. dollars per million British thermal units (Btu) in March 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 70 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 60 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 one trillion cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

CN: Liquefied Natural Gas (LNG): Market Low Price: Guangxi data was reported at 4,820.000 RMB/Ton in 09 May 2025. This records an increase from the previous number of 4,766.670 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Guangxi data is updated daily, averaging 4,749.000 RMB/Ton from Feb 2020 (Median) to 09 May 2025, with 274 observations. The data reached an all-time high of 9,210.000 RMB/Ton in 04 Mar 2022 and a record low of 2,550.000 RMB/Ton in 24 Jul 2020. CN: Liquefied Natural Gas (LNG): Market Low Price: Guangxi 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.

UK Gas fell to 82.29 GBp/thm on June 24, 2025, down 14.02% from the previous day. Over the past month, UK Gas's price has fallen 6.98%, but it is still 1.85% 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 June of 2025.

The global natural gas price index stood at 182.56 index points in May 2025. Natural gas prices decreased that month as heating fuel demand continued to fall. 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.

CN: Liquefied Natural Gas (LNG): Market Low Price: Fujian data was reported at 4,950.000 RMB/Ton in 02 May 2025. This stayed constant from the previous number of 4,950.000 RMB/Ton for 25 Apr 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Fujian data is updated daily, averaging 4,920.000 RMB/Ton from Feb 2020 (Median) to 02 May 2025, with 273 observations. The data reached an all-time high of 9,110.000 RMB/Ton in 04 Mar 2022 and a record low of 2,650.000 RMB/Ton in 19 Jun 2020. CN: Liquefied Natural Gas (LNG): Market Low Price: Fujian 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.

Dutch TTF gas futures amounted to ***** euros per megawatt hour on June 16, 2025 for contracts with delivery in July 2025. Figures increased compared to the previous week and were higher than they had been a year prior. 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 mid-June 2025.

CN: Liquefied Natural Gas (LNG): Market High Price: Henan data was reported at 4,592.500 RMB/Ton in 09 May 2025. This records an increase from the previous number of 4,580.000 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market High Price: Henan data is updated daily, averaging 4,756.250 RMB/Ton from Feb 2020 (Median) to 09 May 2025, with 274 observations. The data reached an all-time high of 9,400.000 RMB/Ton in 08 Jan 2021 and a record low of 2,540.000 RMB/Ton in 19 Jun 2020. CN: Liquefied Natural Gas (LNG): Market High Price: Henan 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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Graph and download economic data for Global price of Natural gas, EU (PNGASEUUSDM) from Jan 1990 to Apr 2025 about EU, gas, World, Europe, and price.

Natural gas prices (Japan) in , May, 2025 For that commodity indicator, we provide data from January 1977 to May 2025. The average value during that period was 7.24 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