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.

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

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.

View monthly updates and historical trends for US Liquefied Natural Gas Exports Price. from United States. Source: Energy Information Administration. Trac…

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.

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.

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.

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.

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

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 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.

In 2026, liquified natural gas (LNG) was forecast to cost approximately 11.5 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 JapanSince 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 importsApart 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 21 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.

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.

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}.

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.

On September 26, 2025, the EU LNG benchmark stood at negative ***** euros per megawatt hour. The widest gap to the Dutch TTF prices was reported in October 2023 and January 2025. The European Union launched a daily LNG benchmark on March 31, 2023 to increase transparency regarding fuel prices. It is set relative to the Dutch TTF gas hub price.

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

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.

The average monthly price for natural gas in the United States amounted to *** nominal U.S. dollars per million British thermal units (Btu) in October 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 2024. 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 2024, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.