China Usage Price: 36 City Avg: Natural Gas: Natural Gas for Public Service Sector data was reported at 3.630 RMB/Cub m in Mar 2025. This records a decrease from the previous number of 3.640 RMB/Cub m for Feb 2025. China Usage Price: 36 City Avg: Natural Gas: Natural Gas for Public Service Sector data is updated monthly, averaging 3.120 RMB/Cub m from Jan 2007 (Median) to Mar 2025, with 219 observations. The data reached an all-time high of 3.670 RMB/Cub m in Aug 2015 and a record low of 1.990 RMB/Cub m in Mar 2007. China Usage Price: 36 City Avg: Natural Gas: Natural Gas for Public Service Sector data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: 36 City Monthly Avg: Transaction Price: Production Material.

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.

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 4,570.000 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: 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.

Countries in Europe have some of the highest natural gas prices for the industry in the world. In the first quarter of 2025, industrial customers in Switzerland paid approximately 0.17 U.S. dollars per kilowatt hour worth of natural gas. This was considerably higher than the price of gas in natural gas producing countries such as Russia. Determining natural gas prices Like other commodities, natural gas prices are driven by supply and demand trends. In some instances, they may also reflect developments within the oil market, as both commodities are often produced together. Natural gas prices are volatile. Seeing as the consumption of natural gas is often without alternative (e.g. within power plants), short-term changes to supply and demand have huge repercussions for the market. Weather is also a common determinant of natural gas prices. Unprecedented heat waves in the U.S. have driven up electricity demand for air conditioning and affected weekly Henry Hub natural gas prices in the hotter summer months. Natural gas demand Primary energy demand generated by natural gas worldwide is highest in North America. Nevertheless, forecasts suggest that the Asia Pacific region will experience a doubling in such demand by 2050 and overtake consumers in North America. The United States is still leading a ranking of world natural gas consumption by country. However, China has increased its LNG and gas pipeline investment portfolio, which could see it becoming an even greater consumer in the future.

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.

The global natural gas price index stood at 174.31 index points in September 2025. Natural gas prices decreased that month as cooling demand fell due to colder weather than expected. 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 as 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 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.

CN: Liquefied Natural Gas (LNG): Market High Price: Chongqing data was reported at 4,198.000 RMB/Ton in 28 Nov 2025. This records an increase from the previous number of 4,166.000 RMB/Ton for 21 Nov 2025. CN: Liquefied Natural Gas (LNG): Market High Price: Chongqing data is updated daily, averaging 6,625.000 RMB/Ton from Feb 2020 (Median) to 28 Nov 2025, with 303 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.

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.

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.

Stock Price Time Series for Zhongman Petro & Natural Gas. Zhongman Petroleum and Natural Gas Group Corp.,Ltd., an oil and gas company, engages in the drilling and completion engineering services, and petroleum equipment manufacturing businesses in China and internationally. The company explores for, develops, and produces oil and gas deposits. It also offers drilling and completion services, including integrated drilling engineering, equipment management, production management, and project management services, as well as cover drilling, wireline logging, mud logging, cementing, well completion, drilling fluid, directional well, and integrated wellbore technical services; and drilling technical services. In addition, the company designs, manufactures, leases, sells, and technical services petroleum drilling equipment; and researches, develops, manufactures, and sells land drilling rigs, components, electrical control systems, and intelligent products. Further, it offers pre-sale and in sale services, such as assembling tests, technical directing, customer training to operation support, maintenance with full-weather service, etc.; maintenance services; weather technical consultation, spare parts supply, and operational support services; and product customization services. Zhongman Petroleum and Natural Gas Group Corp.,Ltd. was founded in 2003 and is headquartered in Shanghai, China.

CN: Liquefied Natural Gas (LNG): Market Main Price: Heilongjiang: Daqing data was reported at 4,300.000 RMB/Ton in 28 Nov 2025. This stayed constant from the previous number of 4,300.000 RMB/Ton for 21 Nov 2025. CN: Liquefied Natural Gas (LNG): Market Main Price: Heilongjiang: Daqing data is updated daily, averaging 5,100.000 RMB/Ton from Dec 2023 (Median) to 28 Nov 2025, with 101 observations. The data reached an all-time high of 6,375.000 RMB/Ton in 29 Dec 2023 and a record low of 4,200.000 RMB/Ton in 10 Oct 2025. CN: Liquefied Natural Gas (LNG): Market Main Price: Heilongjiang: Daqing 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) 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?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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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 distributing

Hong Kong/China Gas stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

CN: Liquefied Natural Gas (LNG): Market Main Price: Inner Mongolia data was reported at 4,290.000 RMB/Ton in 28 Nov 2025. This records a decrease from the previous number of 4,400.000 RMB/Ton for 21 Nov 2025. CN: Liquefied Natural Gas (LNG): Market Main Price: Inner Mongolia data is updated daily, averaging 3,730.000 RMB/Ton from Jan 2017 (Median) to 28 Nov 2025, with 459 observations. The data reached an all-time high of 9,660.000 RMB/Ton in 22 Dec 2017 and a record low of 2,460.000 RMB/Ton in 13 Jan 2017. CN: Liquefied Natural Gas (LNG): Market Main Price: Inner Mongolia 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.

Usage Price: Natural Gas for Industry: Shanghai data was reported at 4.320 RMB/Cub m in Oct 2025. This stayed constant from the previous number of 4.320 RMB/Cub m for Sep 2025. Usage Price: Natural Gas for Industry: Shanghai data is updated monthly, averaging 3.690 RMB/Cub m from Feb 2003 (Median) to Oct 2025, with 268 observations. The data reached an all-time high of 4.490 RMB/Cub m in Apr 2025 and a record low of 2.100 RMB/Cub m in Jul 2003. Usage Price: Natural Gas for Industry: Shanghai data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PH: Gas Price: 36 City.

The global Small Scale Liquefied Natural Gas (SSLNG) market is poised for significant expansion, projected to reach a substantial market size of approximately $7,850 million by 2025, with a robust Compound Annual Growth Rate (CAGR) of 12.5% through 2033. This remarkable growth is propelled by a confluence of powerful drivers, primarily the increasing demand for cleaner and more accessible energy solutions, particularly in remote or off-grid locations where large-scale natural gas infrastructure is economically unfeasible. The growing adoption of LNG as a fuel for transportation, including maritime vessels and heavy-duty trucks, further fuels this expansion. Additionally, the strategic focus on diversifying energy sources and reducing reliance on traditional fossil fuels by various governments worldwide is creating a favorable environment for SSLNG market development. The market is witnessing a surge in investments in innovative technologies for liquefaction, storage, and transportation, which are crucial for enhancing the efficiency and cost-effectiveness of SSLNG solutions. The SSLNG market is segmented across diverse applications, including online and offline distribution models, catering to a wide spectrum of end-users. The technological landscape is characterized by various tank types, such as single containment tanks, double containment tanks, full containment tanks, pressurized small tanks, membrane tanks, and in-ground tanks, each designed to meet specific safety and operational requirements. Key players like SINOPEC, Gazprom, Equinor ASA, and Royal Dutch Shell Plc. are actively investing in research and development, expanding their production capacities, and forging strategic partnerships to capture market share. Geographically, Asia Pacific, led by China and India, is emerging as a dominant region due to its rapidly growing industrial base and increasing energy needs. North America and Europe are also significant contributors, driven by stringent environmental regulations and the push towards decarbonization. While the market presents immense opportunities, challenges such as high initial capital investment for infrastructure and fluctuating natural gas prices may pose certain restraints. However, the overarching trend towards sustainable energy and the inherent flexibility of SSLNG are expected to outweigh these challenges, ensuring sustained market growth.

China Usage Price: 36 City Avg: Natural Gas: Natural Gas for Industry data was reported at 3.560 RMB/Cub m in Oct 2025. This stayed constant from the previous number of 3.560 RMB/Cub m for Sep 2025. China Usage Price: 36 City Avg: Natural Gas: Natural Gas for Industry data is updated monthly, averaging 3.220 RMB/Cub m from Jan 2001 (Median) to Oct 2025, with 295 observations. The data reached an all-time high of 3.790 RMB/Cub m in Mar 2015 and a record low of 1.720 RMB/Cub m in Jun 2002. China Usage Price: 36 City Avg: Natural Gas: Natural Gas for Industry data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PA: Price Monitoring Center, NDRC: 36 City Monthly Avg: Transaction Price: Production Material.