Usage Price: Natural Gas for Industry: Shanghai data was reported at 4.490 RMB/Cub m in Mar 2025. This stayed constant from the previous number of 4.490 RMB/Cub m for Feb 2025. Usage Price: Natural Gas for Industry: Shanghai data is updated monthly, averaging 3.590 RMB/Cub m from Feb 2003 (Median) to Mar 2025, with 261 observations. The data reached an all-time high of 4.490 RMB/Cub m in Mar 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.

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.

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.

Liquefied Natural Gas (LNG): Market Main Price: Qinghai data was reported at 4,550.000 RMB/Ton in 09 May 2025. This stayed constant from the previous number of 4,550.000 RMB/Ton for 02 May 2025. Liquefied Natural Gas (LNG): Market Main Price: Qinghai data is updated daily, averaging 4,935.000 RMB/Ton from Feb 2020 (Median) to 09 May 2025, with 274 observations. The data reached an all-time high of 8,300.000 RMB/Ton in 25 Dec 2020 and a record low of 2,950.000 RMB/Ton in 18 Sep 2020. Liquefied Natural Gas (LNG): Market Main 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.

Natural gas fell to 3 USD/MMBtu on September 11, 2025, down 0.90% from the previous day. Over the past month, Natural gas's price has risen 6.89%, and is up 27.35% 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 September of 2025.

CN: Liquefied Natural Gas (LNG): Market Low Price: Ningxia data was reported at 4,350.000 RMB/Ton in 09 May 2025. This records a decrease from the previous number of 4,366.670 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Ningxia data is updated daily, averaging 4,465.000 RMB/Ton from Feb 2020 (Median) to 09 May 2025, with 274 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.

The global natural gas price index stood at 185.99 index points in July 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 Low Price: Zhejiang: Hangzhou data was reported at 4,430.000 RMB/Ton in 09 May 2025. This records a decrease from the previous number of 4,530.000 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Zhejiang: Hangzhou data is updated daily, averaging 4,680.000 RMB/Ton from Sep 2023 (Median) to 09 May 2025, with 89 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.

Countries in Europe have some of the highest natural gas prices for the industry in the world. In the second quarter of 2024, industrial customers in Switzerland paid approximately 0.16 U.S. dollars per megawatt hour worth of natural gas. This was considerably higher than the price of gas in natural gas producing countries such as Russia and Algeria. 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.

CN: Liquefied Natural Gas (LNG): Market Main Price: Henan data was reported at 4,517.500 RMB/Ton in 09 May 2025. This records an increase from the previous number of 4,505.000 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market Main Price: Henan data is updated daily, averaging 4,450.000 RMB/Ton from Jan 2017 (Median) to 09 May 2025, with 430 observations. The data reached an all-time high of 8,890.000 RMB/Ton in 08 Jan 2021 and a record low of 2,420.000 RMB/Ton in 19 Jun 2020. CN: Liquefied Natural Gas (LNG): Market Main 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.

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: Gansu data was reported at 4,450.000 RMB/Ton in 09 May 2025. This stayed constant from the previous number of 4,450.000 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Gansu data is updated daily, averaging 4,650.000 RMB/Ton from Feb 2020 (Median) to 09 May 2025, with 274 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 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..

CN: Liquefied Natural Gas (LNG): Market Low Price: Tianjin data was reported at 4,445.000 RMB/Ton in 09 May 2025. This records a decrease from the previous number of 4,516.670 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market Low Price: Tianjin data is updated daily, averaging 4,622.000 RMB/Ton from Feb 2020 (Median) to 09 May 2025, with 274 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.

Revenue for the Oil and Gas Drilling industry in China is expected to increase 8.1% annually over the five years through 2024, but year-on-year growth is volatile. Growth in China's economy has been slowing down, which has led to a decline in the domestic crude oil price. As a result, revenue was fluctuated in the five-year period and has had varied growth since, with an estimated 4.3% decrease in 2024 to $248.5 billion. Inflation and COVID-19 have increased industry volatility over the past five years. Profit margins have recovered to 18.3% in 2024. There are three major participants in the Oil and Gas Drilling industry: China National Petroleum Corporation (CNPC), China National Offshore Oil Corporation (CNOOC) and China Petrochemical Corporation (Sinopec). Together, they are set to contribute 84.6% of industry revenue in 2024.Over the next five years, industry revenue is forecast to grow at an annualized rate of 3.3% to $292.3 billion in 2029. The crude oil mining segment of this industry is forecast to grow steadily, but the much smaller natural gas segment will grow significantly faster. Crude oil mining is well established in China and the likelihood of a major new development is low. Meanwhile, natural gas mining is being driven by greater demand from consumers, businesses, the government and other industries. In the future development of drilling technology of international petroleum group, it shows the development trend of intelligence, information and automation, especially the development of intelligence, gradually become the leader of oil drilling technology.

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: Heilongjiang: Daqing data was reported at 4,700.000 RMB/Ton in 09 May 2025. This stayed constant from the previous number of 4,700.000 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market Main Price: Heilongjiang: Daqing data is updated daily, averaging 4,925.000 RMB/Ton from Dec 2023 (Median) to 09 May 2025, with 72 observations. The data reached an all-time high of 6,375.000 RMB/Ton in 29 Dec 2023 and a record low of 4,325.000 RMB/Ton in 08 Mar 2024. 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

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. 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, and directional well, and wells technology integration 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. The company operates in the Middle East, Central Asia, North Africa, Europe, and internationally. Zhongman Petroleum and Natural Gas Group Corp.,Ltd. was founded in 2003 and is headquartered in Shanghai, China.

CN: Liquefied Natural Gas (LNG): Market High Price: Guangdong data was reported at 5,100.000 RMB/Ton in 09 May 2025. This stayed constant from the previous number of 5,100.000 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market High Price: Guangdong data is updated daily, averaging 5,100.000 RMB/Ton from Feb 2020 (Median) to 09 May 2025, with 274 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.