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.

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 September 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 September 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.

Coverage: European TTF, US Henry Hub, and global LNG spot markets. Scope: Real-time events, market commentary, fundamental sentiment heatmaps, and six-month forecasting. Sources & cadence: >50,000 articles/events/day ingested; real-time processing with millisecond latency; weekly round-ups; monthly overviews. Primary use cases: Signal discovery, risk monitoring, price commentary, scenario modelling, quant integration, and backtesting. Data grain by entity: Event: one row per detected story/event (TTF/HH/LNG; asset or macro scope). MarketCommentary: rolling narrative summary for a period/asset, with headline counts and source breadth. WeeklyRoundup: week-level summary per benchmark. FundamentalSentiment: categorical sentiment matrix/heatmap by date and topic. Forecast: point-in-time forecast set (current, expected, range, path). Conventions: ISO-8601 UTC timestamps; currency field when applicable (EUR for TTF, USD for HH/LNG unless specified); sentiment ∈ {Positive, Negative, Neutral}; direction ∈ {Up, Down, Flat}; scope ∈ {ASSET, MACRO, SECTOR}.

Natural gas rose to 4.94 USD/MMBtu on December 3, 2025, up 2.04% from the previous day. Over the past month, Natural gas's price has risen 13.71%, and is up 62.29% compared to the same time last year, 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 December of 2025.

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

CN: Liquefied Natural Gas (LNG): Market Low Price: Tianjin data was reported at 4,332.000 RMB/Ton in 28 Nov 2025. This records a decrease from the previous number of 4,470.000 RMB/Ton for 21 Nov 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Tianjin data is updated daily, averaging 7,050.000 RMB/Ton from Feb 2020 (Median) to 28 Nov 2025, with 303 observations. The data reached an all-time high of 9,140.000 RMB/Ton in 08 Jan 2021 and a record low of 2,120.000 RMB/Ton in 12 Jun 2020. CN: Liquefied Natural Gas (LNG): Market Low Price: Tianjin 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.

View market daily updates and historical trends for Henry Hub Natural Gas Spot Price. from United States. Source: Energy Information Administration. Track…

TTF Gas fell to 27.92 EUR/MWh on December 3, 2025, down 0.17% from the previous day. Over the past month, TTF Gas's price has fallen 14.22%, and is down 40.94% 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 - values, historical data, forecasts and news - updated on December of 2025.

CN: Liquefied Natural Gas (LNG): Market Low Price: Ningxia data was reported at 4,210.000 RMB/Ton in 28 Nov 2025. This records a decrease from the previous number of 4,330.000 RMB/Ton for 21 Nov 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Ningxia data is updated daily, averaging 6,500.000 RMB/Ton from Feb 2020 (Median) to 28 Nov 2025, with 303 observations. The data reached an all-time high of 8,450.000 RMB/Ton in 15 Jan 2021 and a record low of 2,400.000 RMB/Ton in 04 Sep 2020. CN: Liquefied Natural Gas (LNG): Market Low Price: Ningxia 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.

CN: Liquefied Natural Gas (LNG): Market Low Price: Zhejiang: Hangzhou data was reported at 4,570.000 RMB/Ton in 28 Nov 2025. This stayed constant from the previous number of 4,570.000 RMB/Ton for 21 Nov 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Zhejiang: Hangzhou data is updated daily, averaging 5,046.000 RMB/Ton from Sep 2023 (Median) to 28 Nov 2025, with 118 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.

CN: Liquefied Natural Gas (LNG): Market Low Price: Qinghai data was reported at 4,460.000 RMB/Ton in 28 Nov 2025. This records a decrease from the previous number of 4,700.000 RMB/Ton for 21 Nov 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Qinghai data is updated daily, averaging 6,250.000 RMB/Ton from Feb 2020 (Median) to 28 Nov 2025, with 303 observations. The data reached an all-time high of 8,000.000 RMB/Ton in 25 Dec 2020 and a record low of 2,800.000 RMB/Ton in 18 Sep 2020. CN: Liquefied Natural Gas (LNG): Market Low Price: Qinghai 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.

LNG prices were less violent in 2024 than the year prior. The Platts JKM (a global benchmark for LNG) had a price volatility of ** percent in 2024. Price volatility reflects the daily change in prices. 2022 saw LNG prices fluctuate more than ever before due to sudden LNG demand from European consumers following sanctions on Russia.

UK Gas fell to 72.60 GBp/thm on December 2, 2025, down 1.67% from the previous day. Over the past month, UK Gas's price has fallen 11.75%, and is down 40.33% compared to the same time last year, 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 December of 2025.

CN: Liquefied Natural Gas (LNG): Market Low Price: Gansu data was reported at 4,460.000 RMB/Ton in 28 Nov 2025. This records a decrease from the previous number of 4,700.000 RMB/Ton for 21 Nov 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Gansu data is updated daily, averaging 6,250.000 RMB/Ton from Feb 2020 (Median) to 28 Nov 2025, with 303 observations. The data reached an all-time high of 7,840.000 RMB/Ton in 25 Dec 2020 and a record low of 2,720.000 RMB/Ton in 18 Sep 2020. CN: Liquefied Natural Gas (LNG): Market Low Price: Gansu 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.

LNG Market Outlook

According to our latest research, the global LNG (Liquefied Natural Gas) market size reached USD 165.2 billion in 2024, reflecting the growing importance of LNG as a flexible and cleaner energy source. The market is expected to expand at a CAGR of 6.8% from 2025 to 2033, reaching a projected value of USD 304.9 billion by 2033. This robust growth is primarily driven by the escalating demand for cleaner fuels, increased investments in LNG infrastructure, and the rising adoption of LNG across diverse end-user industries. As per the latest research, the LNG market is experiencing significant momentum due to global efforts to transition towards lower-carbon energy sources and the increasing need for energy security.

One of the most significant growth factors propelling the LNG market is the global shift towards cleaner energy alternatives. Governments and industries worldwide are under mounting pressure to reduce greenhouse gas emissions and comply with international climate agreements, such as the Paris Accord. LNG, with its lower carbon footprint compared to coal and oil, is increasingly being adopted as a transitional fuel in the energy mix. This trend is particularly pronounced in the power generation and transportation sectors, where LNG is replacing more polluting fossil fuels. Additionally, the development of new technologies for liquefaction and regasification is making LNG more accessible and economically viable, further stimulating market growth.

Another key driver is the rapid expansion of LNG infrastructure, including liquefaction plants, regasification terminals, and transportation networks. Major investments are being made by both public and private sectors to enhance LNG supply chains and storage capabilities. The emergence of floating storage and regasification units (FSRUs) and small-scale LNG terminals is enabling the penetration of LNG into previously inaccessible markets. Moreover, the flexibility of LNG trade, supported by the growing spot market and short-term contracts, is attracting new buyers and fostering market liquidity. These developments are not only increasing the reach of LNG but also stabilizing global energy prices by providing an alternative to pipeline gas and other traditional energy sources.

The LNG market is also benefiting from the rising demand in industrial and residential sectors, particularly in emerging economies. Industrial users are turning to LNG for its cost-effectiveness and reliability, while residential and commercial sectors are leveraging LNG for heating and cooking purposes. The growing focus on energy diversification and security is encouraging countries to invest in LNG imports, reducing their dependence on single energy sources. Furthermore, advancements in LNG-fueled shipping and heavy-duty vehicles are opening new avenues for market expansion, as regulatory norms tighten around emissions from traditional fuels. These multifaceted growth drivers collectively position LNG as a cornerstone of the future energy landscape.

In recent years, the development of Small-Scale LNG projects has gained significant traction, offering a flexible and cost-effective solution for energy needs in remote and underserved areas. These projects are particularly beneficial for regions with limited access to traditional energy infrastructure, allowing for the distribution of LNG to smaller markets that were previously inaccessible. The modular nature of Small-Scale LNG facilities enables quicker deployment and reduces the capital expenditure required compared to large-scale projects. This approach is not only enhancing energy access but also supporting local economic development by providing a cleaner and more reliable energy source. As the demand for decentralized energy solutions grows, Small-Scale LNG is poised to play a crucial role in meeting the diverse energy needs of various regions.

Regionally, the Asia Pacific region dominates the LNG market, accounting for the largest share of global consumption and import capacity. Rapid industrialization, urbanization, and population growth in countries such as China, India, Japan, and South Korea are fueling the demand for LNG as a cleaner and more efficient energy source. North America is emerging as a significant exporter, leveraging abundant shale gas reserves and state-of-the-art liquefaction facilities. Europe is increasingly tu

View monthly updates and historical trends for Japan Liquefied Natural Gas Import Price. Source: World Bank. Track economic data with YCharts analytics.

CN: Liquefied Natural Gas (LNG): Market High Price: Guangdong data was reported at 4,600.000 RMB/Ton in 28 Nov 2025. This records an increase from the previous number of 4,530.000 RMB/Ton for 21 Nov 2025. CN: Liquefied Natural Gas (LNG): Market High Price: Guangdong data is updated daily, averaging 7,700.000 RMB/Ton from Feb 2020 (Median) to 28 Nov 2025, with 303 observations. The data reached an all-time high of 9,840.000 RMB/Ton in 25 Feb 2022 and a record low of 2,880.000 RMB/Ton in 12 Jun 2020. CN: Liquefied Natural Gas (LNG): Market High Price: Guangdong 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 November 17, 2025 for contracts with delivery in December 2025. Figures increased compared to the previous week. 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 November 2025.

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.

Context:

Natural gas is a fossil energy source that formed deep beneath the earth's surface. Natural gas contains many different compounds. The largest component of natural gas is methane, a compound with one carbon atom and four hydrogen atoms (CH4). Natural gas also contains smaller amounts of natural gas liquids (NGLs, which are also hydrocarbon gas liquids), and nonhydrocarbon gases, such as carbon dioxide and water vapor. We use natural gas as a fuel and to make materials and chemicals.

Henry Hub spot price:

The Henry Hub pipeline is the pricing point for natural gas futures on the New York Mercantile Exchange. The NYMEX contract for deliveries at Henry Hub began trading in 1990 and is deliverable 18 months in the future. The settlement prices at Henry Hub are used as benchmarks for the entire North American natural gas market and parts of the global liquid natural gas (LNG) market.

Henry Hub is an important market clearing pricing concept because it is based on the actual supply and demand of natural gas as a stand-alone commodity. Other natural gas markets like Europe have fragmented hub pricing points. This means natural gas prices are often indexed to crude oil, which can have very different supply and demand factors affecting its price. Attempts are being made to develop European hub pricing points in the Netherlands and the UK, but this has proved difficult so far due to competition from national hubs. Asian natural gas markets are even more fragmented and have no defined hub pricing point, although Singapore would like to serve this regional role. Consequently, all Asian natural gas prices are either indexed to crude oil or linked to Henry Hub.

About the data:

The data is a daily entry of the Henry hub spot price from 2015 to 2022 along with the sentiment scores of the day collected by analyzing relevant tweets on the topic.

Acknowledgement:

This data is provided by scraping the website: https://eia.gov/ All credits and rights belong to them.