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

In February 2025, the monthly average LNG export price stood at 8.43 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.

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 June 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 May 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.

In the fourth quarter of 2023, the price of liquefied natural gas in India reached 589 USD/MT by December. Similarly, in Germany, the liquefied natural gas prices hit 654 USD/MT during the same month in 2023.

Natural gas fell to 3.25 USD/MMBtu on July 22, 2025, down 2.13% from the previous day. Over the past month, Natural gas's price has fallen 14.59%, but it is still 48.80% higher 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 July of 2025.

Get the latest insights on price movement and trend analysis of Liquefied Natural Gas in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Graph and download economic data for Global price of LNG, Asia (PNGASJPUSDQ) from Q1 1992 to Q2 2025 about Asia, World, and price.

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.

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: 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.

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.

TTF Gas fell to 32.37 EUR/MWh on July 24, 2025, down 1.76% from the previous day. Over the past month, TTF Gas's price has fallen 8.56%, but it is still 1.12% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on July of 2025.

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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 distr

CN: Liquefied Natural Gas (LNG): Market High Price: Chongqing data was reported at 4,617.500 RMB/Ton in 09 May 2025. This records a decrease from the previous number of 4,633.330 RMB/Ton for 02 May 2025. CN: Liquefied Natural Gas (LNG): Market High Price: Chongqing data is updated daily, averaging 4,497.000 RMB/Ton from Feb 2020 (Median) to 09 May 2025, with 274 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.

UK Gas fell to 78.09 GBp/thm on July 24, 2025, down 0.60% from the previous day. Over the past month, UK Gas's price has fallen 5.55%, but it is still 4.83% higher than a year ago, 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 July of 2025.

In the second quarter of 2022, the price of Liquefied Natural Gas (LNG) in Algeria stood at ***** U.S. dollars per cubic meter. This represented a peak in the period under review. Compared to 2017, the export price of LNG from Algeria increased significantly.

Gas export to Japan has become an important source of revenue for Indonesia since the 1970s. Traditionally, the gas was priced with linkage to the oil price. However, changes in the market during the early 2010s has put pressure to this traditional pricing mechanism. Using the Vector Auto-regression (VAR) approach, this research aims to understand whether the spot LNG import pricing in Japan is moving away from JCC linkage or not, and the extent of the change if there is any. LNG price analyzed in this research is the Japanese spot cargo import price, published by the Japanese Ministry of Economy, Trade and Industry from March 2014 to November 2017. The Japanese LNG spot price was regressed against US Henry Hub (HH) and UK NBP gas hub prices, Japan Customs-Cleared (JCC) crude oil price, and Japan imported coal price in the same period.The historical decomposition of the VAR model suggests that the spot LNG price in Japan were increasingly affected by US Henry Hub and UK NBP gas prices, while the effect of JCC crude oil price is weaker, and Japanese imported coal having no significant effect towards Japanese spot LNG price. The impact of mature gas hub prices is also dynamic: HH is showing stronger effect in the mid 2016, then it changed to the domination of NBP in mid 2017.The result further indicates the increasing connectivity of gas price around the world, with US and UK price affecting Japanese gas price through spot LNG trade. Due to the demand condition in Japan and East Asian market in general, the continuation of US/European gas hub price effect is likely to happen until early 2020s, as the slight deficit in this region might be fulfilled by spot LNG import. Under the new domestic gas pricing regulation in Indonesia, the continuation of NBP impact towards gas pricing in Japan might reduce the price to the level at which fulfilling the increasing domestic gas demand is more efficient than exporting LNG.

About the ProjectKAPSARC is analyzing the shifting dynamics of the global gas markets. Global gas markets 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 PointsIn the past year, global gas prices have dropped significantly, albeit at unequal paces depending on the region. All else being equal, economists would suggest that this should have generated a positive demand response. However, “all else” was not equal. Prices of other commodities also declined while economic growth forecasts were downgraded. Prices at benchmark points such as the U.K. National Balancing Point (NBP), U.S. Henry Hub (HH) and Japan/Korea Marker (JKM) slumped due to lower oil prices, liquefied natural gas (LNG) oversupply and unseasonal weather. Yet, the prices of natural gas in local currencies have increased in a number of developing countries in Africa, the Middle East, Latin America, former Soviet Union (FSU) and Asia. North America experienced demand growth while gas in Europe and Asia faced rising competition from cheaper coal, renewables and, in some instances, nuclear. Gains to European demand were mostly weather related while increases in Africa and Latin America were not significant. For LNG, Europe became the market of last resort as Asian consumption declined. Moreover, an anticipated surge in LNG supply, brought on by several new projects, may lead to a confrontation with Russian or other pipeline gas suppliers to Europe. At the same time, Asian buyers are seeking concessions on pricing and flexibility in their long-term contracts. Looking ahead, natural gas has to prove itself a credible and affordable alternative to coal, notably in Asia, if the world is to reach its climate change targets. The future of the gas industry will also depend on oil prices, evolution of Chinese energy demand and impact of COP21 on national energy policies. Current low prices mean there is likely to be a pause in final investment decisions (FIDs) on LNG projects in the coming years.

Liquefied Natural Gas (LNG): Market High Price: Gansu data was reported at 4,600.000 RMB/Ton in 09 May 2025. This stayed constant from the previous number of 4,600.000 RMB/Ton for 02 May 2025. Liquefied Natural Gas (LNG): Market High Price: Gansu data is updated daily, averaging 5,190.000 RMB/Ton from Feb 2020 (Median) to 09 May 2025, with 274 observations. The data reached an all-time high of 8,650.000 RMB/Ton in 15 Jan 2021 and a record low of 2,850.000 RMB/Ton in 18 Sep 2020. Liquefied Natural Gas (LNG): Market High 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 global Liquefied Natural Gas (LNG) Delivery Pipe market is experiencing robust growth, driven by the increasing demand for natural gas as a cleaner energy source and the expansion of LNG infrastructure worldwide. Let's assume, for illustrative purposes, a 2025 market size of $5 billion and a Compound Annual Growth Rate (CAGR) of 7% over the forecast period (2025-2033). This implies significant market expansion, reaching an estimated $9.5 billion by 2033. This growth is fueled by several key factors: the rising adoption of LNG as a transportation fuel, particularly in heavy-duty vehicles and maritime applications; the development of new LNG receiving terminals and pipelines in emerging economies; and the ongoing efforts to reduce carbon emissions, making natural gas a transitional fuel of choice. The market is segmented by pipe type (flexible and rigid) and application (ports, factories, LNG gas stations, and others), with flexible pipes gaining traction due to their adaptability in challenging terrains. Key players like Wujin Stainless Steel Pipe Group, LS Metal, and Chart Industries are investing heavily in research and development, focusing on innovative materials and manufacturing techniques to enhance pipe durability and efficiency. However, market growth is not without its challenges. Fluctuations in natural gas prices, stringent regulatory compliance requirements, and the potential for material shortages pose significant restraints. Furthermore, the high initial investment costs associated with LNG infrastructure development can hinder market penetration in certain regions. Despite these challenges, the long-term outlook for the LNG Delivery Pipe market remains positive, driven by the increasing global energy demand and the shift towards cleaner energy solutions. Regional variations exist, with North America and Asia-Pacific expected to dominate the market, fueled by robust economic growth and increasing energy consumption in these regions. Strategic partnerships and technological advancements will play a crucial role in shaping the future competitive landscape of this dynamic market.