Liquefied natural gas (LNG) prices in Asia reached 10.75 U.S. dollars per million metric British thermal units in February 2026, with Indonesian LNG deliveries to Japan providing the benchmark unit prices within the region. This figure represented a slight increase from the previous month. 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 61 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 174.31 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 10.05 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 6.41 U.S. dollars per thousand cubic feet in 2024, down from 7.57 U.S. dollars the previous year.

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.

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

Graph and download economic data for Global price of LNG, Asia (PNGASJPUSDM) from Jan 1992 to Feb 2026 about Asia, World, and price.

Natural gas rose to 2.96 USD/MMBtu on March 27, 2026, up 1.21% from the previous day. Over the past month, Natural gas's price has risen 0.12%, but it is still 27.10% lower 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 March of 2026.

CN: Liquefied Natural Gas (LNG): Market Low Price: Tianjin data was reported at 4,376.000 RMB/Ton in 20 Mar 2026. This records a decrease from the previous number of 4,474.000 RMB/Ton for 13 Mar 2026. CN: Liquefied Natural Gas (LNG): Market Low Price: Tianjin data is updated daily, averaging 6,360.000 RMB/Ton from Feb 2020 (Median) to 20 Mar 2026, with 318 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.

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.

LNG prices rose in the second half of 2023 due to increased global demand and high U.S. feed-gas flows. In India, LNG reached 573 USD/MT in December 2023.

Graph and download economic data for Global price of LNG, Asia (PNGASJPUSDQ) from Q3 2003 to Q4 2025 about Asia, World, and price.

In May 2025, the monthly average LNG export price stood at 7.42 U.S. dollars per 1,000 cubic feet. This was a decrease compared to the previous month but higher than prices a year prior. In June 2022, a fire at the Freeport LNG export terminal impacted export capacities, pushing up prices in the months following. Natural gas prices and those for LNG specifically increased in the spring of 2022 following the Russia-Ukraine war as many European countries looked for suppliers outside Russia. The annual LNG export price from the United States stood at 6.41 U.S. dollars per 1,000 cubic feet in 2024.

CN: Liquefied Natural Gas (LNG): Market Low Price: Jilin: Changchun data was reported at 4,260.000 RMB/Ton in 20 Mar 2026. This records a decrease from the previous number of 5,030.000 RMB/Ton for 13 Mar 2026. CN: Liquefied Natural Gas (LNG): Market Low Price: Jilin: Changchun data is updated daily, averaging 4,800.000 RMB/Ton from Dec 2023 (Median) to 20 Mar 2026, with 116 observations. The data reached an all-time high of 6,300.000 RMB/Ton in 29 Dec 2023 and a record low of 3,800.000 RMB/Ton in 16 Jan 2026. CN: Liquefied Natural Gas (LNG): Market Low Price: Jilin: Changchun 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 Japan Liquefied Natural Gas Import Price. Source: World Bank. Track economic data with YCharts analytics.

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.

TTF Gas rose to 55.54 EUR/MWh on March 26, 2026, up 4.66% from the previous day. Over the past month, TTF Gas's price has risen 73.78%, and is up 35.79% 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 March of 2026.

CN: Liquefied Natural Gas (LNG): Market High Price: Ningxia data was reported at 4,380.000 RMB/Ton in 20 Mar 2026. This records a decrease from the previous number of 4,630.000 RMB/Ton for 13 Mar 2026. CN: Liquefied Natural Gas (LNG): Market High Price: Ningxia data is updated daily, averaging 6,390.000 RMB/Ton from Feb 2020 (Median) to 20 Mar 2026, with 318 observations. The data reached an all-time high of 8,670.000 RMB/Ton in 15 Jan 2021 and a record low of 2,500.000 RMB/Ton in 04 Sep 2020. CN: Liquefied Natural Gas (LNG): Market High 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.

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

Northwest Europe (SparkNWE) LNG futures stood at **** U.S. dollars per million British thermal units on January 5, 2026 for delivery in February 2025. The Dutch TTF gas price, Europe's benchmark for natural gas, decreased that week. SparkNWE LNG prices reflect trading with major importers in Northwest Europe, among them France, the Netherlands, and the United Kingdom.

CN: Liquefied Natural Gas (LNG): Market High Price: Zhejiang data was reported at 5,820.000 RMB/Ton in 20 Mar 2026. This records an increase from the previous number of 5,790.000 RMB/Ton for 13 Mar 2026. CN: Liquefied Natural Gas (LNG): Market High Price: Zhejiang data is updated daily, averaging 6,880.000 RMB/Ton from Feb 2020 (Median) to 20 Mar 2026, with 318 observations. The data reached an all-time high of 9,700.000 RMB/Ton in 25 Mar 2022 and a record low of 2,530.000 RMB/Ton in 05 Jun 2020. CN: Liquefied Natural Gas (LNG): Market High Price: Zhejiang 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 2024, export prices of liquefied natural gas (LNG) from the United States stood at 6.41 U.S. dollars per thousand cubic feet. This was nearly half of annual LNG export prices in 2022, when global supply constraints led to a spike in natural gas prices.

Southwest Europe (SparkSWE) LNG price reached *****U.S. dollars per million British thermal units on January 5, 2026 for delivery in February 2026. This was a slight decrease compared to the previous week, with the Dutch TTF price decreasing. SparkSWE LNG futures reflect trading to markets in Portugal and Spain.