On July 4, 2025, the Henry Hub natural gas spot price amounted to 3.19 U.S. dollars per million British thermal units. In January 2025, a cold front was feared to impact refiners, leading to a spike in prices. The European gas benchmark Dutch TTF also rose amid colder weather. What is Henry Hub? The Henry Hub price is seen as the most important benchmark for the U.S. natural gas market. As of 1990, it has been used for pricing of natural gas traded on the New York Mercantile Exchange and later the Intercontinental Exchange. The hub in question is a distribution pipeline system in Louisiana and began operating in the 1950s. The highest Henry Hub annual average prices were recorded in 2005 and 2008, when they climbed to over eight U.S. dollars per million British thermal units. Weekly average prices also reached nearly 10 U.S. dollars in 2022 as a result of global supply constraints. Natural gas export prices In recent years, the U.S. has been incentivized to build up its liquefaction and LNG export capacities as it widens the potential customer pool. With sanctions on Russian energy imports, many European countries looked to the U.S. for procuring natural gas from 2022 onward. In line with Henry Hub pricing development, the monthly LNG export price also showed volatility depending on market and geopolitical events.

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.

The United States has the greatest LNG export capacity of any country worldwide. As of September 2024, U.S. terminals for liquefied natural gas exports had a combined capacity of 92.9 million metric tons per year. In 2023, the United States was the largest LNG exporting country, followed by Qatar and Australia. The U.S. took the top spot due to an increase in shipments to Europe in 2023. LNG trading on the rise Since 1970, the global LNG trade volume has increased by over 500 billion cubic meters. Countries in East Asia, such as Japan and China, have historically been among the main LNG importing countries. The future of LNG By cooling natural gas to -260 degrees Fahrenheit/-162 degrees Celsius, the volume is reduced by a factor of 600, guaranteeing easier transport and storage. Some industry groups have promoted LNG as aiding in decarbonization targets as natural gas has a lower carbon intensity than coal, although emission levels are still significant. LNG trading allows gas to be shipped to countries without pipeline infrastructure and thus diversifies the energy market. The United States is expected to add more than 300 million metric tons of annual LNG export capacity in the future.

The size of the North America Natural Gas Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.00% during the forecast period. The North American natural gas market is exhibiting dynamic growth, not only owing to high domestic production coupled with rising consumption but also a growing trend toward cleaner sources of energy. Today, the United States is the world's largest producer of natural gas, largely because of the breakthrough in shale extraction technologies that have opened up vast reserves. This has resulted in the United States becoming the world's largest liquefied natural gas exporter. Most particularly, it makes use of incredibly high demand in markets such as Asia and Europe. Canada has considerable natural gas reserves, pipelines, and other infrastructure, supporting both the export of gas to the U.S. and international markets, besides providing domestic energy supply. ALCANICA: Canada is also focusing on the development of LNG export facilities to meet growing demand worldwide. As environmental concerns go up, natural gas becomes a bridge fuel-a source to help in the process of moving away from coal and supporting renewable integration. The issues affecting the market here include price volatility, regulatory barriers, and increased competition due to renewable energy. This should continue to be accompanied by growth in North America's natural gas market, as production capacity is strong, and investments being made in infrastructure are supported within a shifting energy mix that increasingly is suited for cleaner fuels. Recent developments include: In July 2022, Sempra Infrastructure signed an agreement with Mexico's Federal Electricity Commission to advance the joint development of critical energy infrastructure projects in Mexico, including the rerouting of the Guaymas-El Oro pipeline in Sonora, the proposed Vista Pacífico LNG project in Topolobampo, Sinaloa, and the potential development of a liquefied natural gas (LNG) terminal in Salina Cruz, Oaxaca.. Key drivers for this market are: 4., Growing Demand for Renewable Energy4.; Upcoming Investments in the Energy Sector and Supportive Renewable Energy Policies. Potential restraints include: 4., High Initial Investment Cost and Long Investment Return Period on Projects. Notable trends are: Power generation to Dominate the Market.

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.

Northwest Europe (SparkNWE) LNG futures stood at ***** U.S. dollars per million British thermal units on July 21, 2025, for delivery in August. The Dutch TTF gas price, Europe's benchmark for natural gas, decreased as well that week. SparkNWE LNG prices reflect trading with major importers in Northwest Europe, among them France, the Netherlands, and the United Kingdom.

The North America FLNG (Floating Liquefied Natural Gas) market is experiencing robust growth, driven by increasing demand for natural gas, particularly in regions with limited pipeline infrastructure. The market's Compound Annual Growth Rate (CAGR) exceeding 3.00% from 2019-2033 indicates a steady upward trajectory. This expansion is fueled by several key factors, including the growing adoption of LNG as a cleaner-burning alternative to traditional fossil fuels, government initiatives promoting energy diversification and security, and the ongoing exploration and development of new natural gas reserves in North America. Major players such as Shell PLC, Eni SpA, and Technip Energies NV are significantly contributing to market growth through their technological advancements in FLNG vessel construction and operation. The United States, with its substantial natural gas reserves and strategic geographical location, is expected to dominate the North American FLNG market, followed by Canada. However, the market also faces challenges, including fluctuating natural gas prices, stringent environmental regulations, and the high capital expenditure required for FLNG infrastructure development. Despite these constraints, the long-term outlook for the North American FLNG market remains positive, with projections indicating continued expansion throughout the forecast period (2025-2033). The segmentation of the North American market into the United States, Canada, and the Rest of North America allows for a granular understanding of regional variations in growth. The market size in 2025 is estimated at $XX million (this value needs to be provided for a complete analysis; a reasonable estimation would require additional market data), offering a solid base for future projection based on the provided CAGR. Competitive landscape analysis reveals that leading companies are focused on strategic partnerships, technological innovations, and capacity expansion to maintain their market share and cater to growing demand. Mexico, within the Rest of North America segment, presents a potential area for future growth given the country's energy needs and ongoing infrastructure development projects. The historical period (2019-2024) demonstrates the market’s resilience even amid global economic fluctuations, laying a strong foundation for continued growth in the coming years. Recent developments include: July 2022: New Fortress Energy (NFE) signed a deal with Mexican state-owned petroleum company Pemex to develop the Lakach offshore gas field and deploy FLNG solutions jointly. The agreement involves the joint development of the Lakach deepwater natural gas field for Pemex to supply natural gas to Mexico's onshore domestic market and for NFE to produce LNG for export to global markets., April 2022: New Fortress Energy Inc. (NFE) announced plans to launch the US FLNG project in 2023. NFE's application offers the ownership, construction, operation, and eventual decommissioning of an offshore natural gas export deepwater port, known as New Fortress Energy Louisiana FLNG. The deepwater port would allow for the export of roughly 145 billion cubic feet of natural gas annually, equivalent to about 2.8 million tons per annum (MTPA) of LNG. The new offshore liquefaction terminal would sit in federal waters about 16 miles off the southeast coast of Grand Isle, Louisiana, in the United States Gulf of Mexico.. Notable trends are: Upcoming FLNG Projects Expected to Drive the Market.

The size of the North America FLNG Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.00% during the forecast period. Momentum in the North America floating liquefied natural gas market is picking up pace following key technological leaps and a trend of increasing exportation of natural gas. This allows FLNG technology to process and liquefy natural gas offshore, hence offering tremendous flexibility and efficiency in accessing challenging gas fields while meeting global energy requirements. This is particularly pertinent for the North American market, where expansive shale gas reserves have increased productions and resulted in a surplus of natural gas. The drivers in the FLNG market in North America include the need for infrastructure support in LNG exports, especially with regards to countries that are looking to diversify their sources of energy. The US has now become one of the world's major LNG exporters, and FLNG facilities can support quicker deployment where traditional onshore facilities may prove impractical due to such concerns in relation to the environmental or logistical conditions of the area. The challenges the North America FLNG market poses include the high capital costs, regulatory complications, and competition with existing onshore LNG terminals. Despite all these obstacles, North America FLNG remains an attractive market, driven by higher investments, technological innovations, and the new requirement for cleaner energy globally. With natural gas being expected to be in demand going forward, it is likely that projects of FLNG will play a major role in both domestic as well as international energy needs. Recent developments include: July 2022: New Fortress Energy (NFE) signed a deal with Mexican state-owned petroleum company Pemex to develop the Lakach offshore gas field and deploy FLNG solutions jointly. The agreement involves the joint development of the Lakach deepwater natural gas field for Pemex to supply natural gas to Mexico's onshore domestic market and for NFE to produce LNG for export to global markets., April 2022: New Fortress Energy Inc. (NFE) announced plans to launch the US FLNG project in 2023. NFE's application offers the ownership, construction, operation, and eventual decommissioning of an offshore natural gas export deepwater port, known as New Fortress Energy Louisiana FLNG. The deepwater port would allow for the export of roughly 145 billion cubic feet of natural gas annually, equivalent to about 2.8 million tons per annum (MTPA) of LNG. The new offshore liquefaction terminal would sit in federal waters about 16 miles off the southeast coast of Grand Isle, Louisiana, in the United States Gulf of Mexico.. Key drivers for this market are: 4., Modernization and Upgrades of Existing Military Aircraft Fleets4.; Increasing Defense Budgets. Potential restraints include: 4., Shift Toward Unmanned Aircraft. Notable trends are: Upcoming FLNG Projects Expected to Drive the Market.

Freeport LNG (FLNG) is undertaking the construction of an LNG Plant and Export Terminal on the site of FLNG's existing import terminal in Texas, the US.The project involves the construction of an export terminal with a capacity of 2 billion cubic feet per day (BCFD) of gas. It includes the construction of a liquefaction plant, storage tanks, conveyor, loading facility, four liquefaction trains with a capacity of 4.4 million tonnes of LNG per annum (MTPA) each i.e, total 13.2MTPA and pipeline transportation facility. The fourth liquefaction train with a nominal production capacity of 5.1 million tonnes/year.FLNG appointed CH-IV International to work on the pre-FEED study and selected Chart Industries as the technology provider for the reliability, efficiency and overall performance of liquefaction process. Chart has been appointed to provide detailed process design and equipment specifications and to supply the critical cryogenic equipment such as the cold boxes for the liquefaction trains.FLNG appointed Air Products and Chemicals, Inc. (APCI) as the liquefaction technology provider for its experience and overall performance of its proprietary cryogenic liquefaction process (C3MR).The project will be financed by Macquarie Bank. Macquarie Bank and FLNG plan will jointly market half of the export plant’s capacity, and the other half will be offered to FLNG’s existing import customers Dow Chemical and ConocoPhillips.Chicago Bridge and Iron (CB&I) and Zachry Corporation have been appointed as FEED contractors on the project.FLNG filed two applications with the Department of Energy (DOE), each for 511 Bcf/year, in December 2010 and 2011 respectively and received approval from DOE to export LNG to Free Trade Agreement countries in February 2011 and 2012 respectively.In December 2010, FLNG submitted a pre-filing request with Federal Energy Regulatory Commission (FERC) to begin the environmental review of the liquefaction project and in December 2011, FLNG completed and filed drafts of all resource reports for FERC application, including the draft technical Resource Report 13 (FERC FEED). A formal FERC application pursuant to Section 3 of the Natural Gas Act was filed in August 2012.On February 10, 2011, FLNG secured approval to export LNG from this facility to FTA countries.In May 2011, DOE granted the first authorization to export LNG to non-FTA countries for the Sabine Pass LNG Terminal in Cameron Parish, Louisiana, at a rate of up to 2.2BCFD.The project received approval from DOE for exporting the product to the countries with which free Trade agreement were signed.In July 2012, FLNG signed 20-year LTAs with Osaka Gas and Chubu Electric for train I production (2.2 mtpa each), and in February 2013, a 20-year LTA was signed with BP for train II output (4.4 mtpa).In May 2013, DOE conditionally authorized FLNG export application from the FLNG Terminal on Quintana Island, Texas, to countries that do not have a free trade agreement (FTA) with the US.In September 2013, FLNG signed offtake agreements with Toshiba Corporation and SK E&S (2.2 mtpa each) for train III.In December 2013, CB&I and Zachry Industrial, Inc. were awarded the EPC contract for the construction of first two trains. In December 2013, IFM Investors entered into an agreement with FLNG to invest approximately US$1,300 million of equity funding for the project. The investment will provide equity required for the development of Train II.On February 27, 2014, Osaka Gas and Chubu Electric entered into an agreement with FLNG to invest approximately US$1,200 million of equity funding for the project. The investment will provide equity required for the development of Train I.In April 2014, project secured final environmental impact statement (FEIS) from the U.S. Federal Energy Regulatory Commission.In July 2014, FLNG secured FERC approvals for the project.On September 10, 2014, GE Oil & Gas secured a contract from FLNG to provide technology and capital for the project. It will also supply the main refrigeration compressors, variable-speed drive electric motors and other electrical equipment for two customized LNG liquefaction trains.On October 20, 2014, project secured approval from FERC to go ahead with the construction works.On November 10, 2014, construction works initiated with groundbreaking ceremony for the first two trains.On November 25, 2014, FLNG secured US$11,000 million for the Train I and Train II in debt and equity financing transactions. For Train I: US$4,369 million was secured in debt financing by Japan Bank for International Cooperation (JBIC), The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, Mitsubishi UFJ Trust and Banking Corporation, and ING Bank N.V., Tokyo Branch insured by Nippon Export and Investment Insurance (NEXI). US$1,240 million was secured in equity financing by Osaka Gas Co., Ltd. (Osaka Gas) and Chubu Electric Power Co., Inc. (Chubu Electric).For Train II: US$4,025 million was secured in debt financing by a syndicate of 25 commercial banks under a 7-year mini-perm construction facility. US$1,300 million was secured in equity financing by IFM Investors.FLNG has signed Liquefaction Tolling Agreements with Osaka Gas and Chubu Electric for the first train, BP Energy Company for the second train and Toshiba Corporation and SK E&S for the third train.On March 26, 2015, a joint venture between CB&I, Chiyoda International Corporation, a U.S. based wholly-owned subsidiary of Chiyoda Corporation and Zachry Industrial Inc. was awarded the EPC contract worth US$2,000 million for the construction of Train III.On April 28, 2015, financial closure was secured for Train III, which includes US$3,692 million in debt financing and US$925 million of equity financing. The debt financing has been provided by 27 commercial banks and financial institutions under a seven-year mini-perm debt facility and the equity financing has been provided by Freeport LNG through mezzanine debt financing. The mandated lead arrangers were: ING Bank US$188 million; Bank of Tokyo and Mitsubishi UFJ US$188 million; HSBC US$190 million; Credit Suisse US$114 million; Crédit Agricole US$188 million; Royal Bank of Canada US$114 million; Standard Chartered US$114 million; BBVA US$114 million; Mizuho US$188 million; Lloyds Bank US$114 million; Société Générale US$188 million; Scotiabank US$188 million; Sumitomo Mitsui Banking Corporation US$188 million; Goldman Sachs US$114 million; Deutsche Bank US$188 million; Intesa Sanpaolo US$188 million; Natixis US$188 million; Bank of Montreal US$114 million; Santander US$114 million; Canadian Imperial Bank of Commerce US$114 million; Industrial Commercial Bank of China US$114 million; Bank of America Merrill Lynch US$114 million; Korea Development Bank US$112 million; National Australia Bank US$114 million; Barclays US$51 million; Mitsubishi Trust US$50 million; and Shinsei Bank US$50 million.Chadbourne & Parke LLP represented the lenders for Train III of the project. White & Case LLP has been appointed as legal advisor.In May 2015, construction works on Train III commenced.In June 2015, Honeywell Process Solutions secured the Automation Contract. The scope of the work includes designing, delivering and installing the automation, instrumentation, controls, and safety and security systems for the project.On September 8, 2016, Mammoet was awarded a supply contract for the project. The scope of the contract includes transporting a substantial number of pieces to two different sites located three miles apart. Mammoet is using two different methods of transport, by barge and over the road, depending on the various weights and sizes of the pieces, resulting in significant time savings.In June 2017, FLNG Liquefaction 4 LLC (FLIQ4), a wholly owned subsidiary of FLNG have filed a formal application with the FERC for authorization to site, construct, and operate a fourth liquefaction train.In July 2017, the front-end engineering and design for the proposed fourth liquefaction train were commenced.In March 2018, the FLNG secured the export permit for the fourth train by DOE.On June 26, 2018, FLNG signed a three-year contract with Trafigura PTE Ltd. to supply a half-million tons of liquefied natural gas each year.FLNG will commence supplying LNG to the company once construction is complete.FERC officials are expected to issue a final environmental assessment for the fourth train in November 2018 and a decision on the permit in January 2019.On September 5, 2018, FLIQ4 and Sumitomo Corporation of Americas (SCOA), a subsidiary of Sumitomo Corporation jointly entered into a binding Heads of Agreement(HOA) for 2.2 million tons per annum (mtpa) of LNG. Under the HOA, SCOA has agreed to negotiate for a 20-year liquefaction tolling agreement (LTA). The LTA is expected to commence in 2023 upon the commencement of commercial operations of the fourth train (Train 4) of FLNG’s natural gas liquefaction and export facility.Construction activities on the three trains are underway. The first train is scheduled to complete on September 1, 2019, the second on January 2020 and third in May 2020. Read More

Southwest Europe (SparkSWE) LNG price reached ***** U.S. dollars per million British thermal units on July 21, 2025 for delivery in August. This was a decrease compared to the previous week, with the Dutch TTF price also falling. SparkSWE LNG futures reflect trading to markets in Portugal and Spain.

France is expected to have its LNG import volume be notably impacted by the completion of Nord Stream 2. The newly constructed pipeline, which will see Europe supplied by more natural gas from Russia is forecast to result in 118 terawatt hours worth of natural gas imported as LNG into France in 2025. Without Nord Stream 2 this figure is forecast to be 147 terawatt hours worth. Nord Stream 2 is an offshore natural gas pipeline of roughly 1,230 kilometers length, which connects Ust-Luga, Russia to Lubmin, Germany. The first agreement to construct Nord Stream 2 was signed in 2015 between major energy companies. However, the construction has been hampered by various political and economical disputes. Nonetheless, as of July 2021, U.S. and Germany's representatives agreed on the completion of Nord Stream 2.

Dutch TTF gas futures amounted to 35.02 euros per megawatt hour on June 2, 2025 for contracts with delivery in July 2025. Figures decreased compared to the previous week, but were higher than they had been a year prior. Dutch TTF is seen as a Europe-wide natural gas price benchmark. Europe more reliant on imports The Groningen gas field is the largest gas field in Europe and the major natural gas source in the Netherlands. In 2014, the first earthquake related to drilling the field occurred, and other seismic activities were also observed. Therefore, the Groningen field has drastically reduced its production output. Since then, natural gas production in the Netherlands has been in a trend of continuous decline. To balance the diminished domestic production, the European market relies on liquefied natural gas imports and pipeline inflow. LNG pricing across European regions The European gas market exhibits regional variations, as evidenced by LNG prices in different parts of the continent. The Southwest Europe LNG price is generally slightly higher than LNG prices in Northwest Europe. The latter reached around 11 U.S. dollars per million British thermal units in June 2025.

Dhamra LNG Terminal Private Ltd (DLTPL), a subsidiary of Adani Ports & Special Economic Zone (APSEZ) is constructing an LNG Terminal in Odisha, India.The project involves the construction of a Liquefied Natural Gas (LNG) regasification terminal with a capacity of five million tonnes per annum (MTPA), expandable up to 10 MTPA. It includes the construction of an LNG jetty, two full containment type LNG storage tanks of 180,000m3 capacity each, seawater intake and outfall system, LNG regasification plant and a pond and embankment, LNG receiving facility, uploading and unloading facilities and a regasification facility, the laying of gas pipeline and the installation of the safety system.PMC Projects Pvt Ltd has been appointed as the planning consultant and Howe India Pvt Ltd as a consultant to prepare detailed development plans and to carry out basic engineering and cost estimates.In March 2012, a memorandum of understanding (MoU) was signed between IOCL and Dhamara Port Corporation Ltd (Port Operator).In July 2013, a MoU was signed between IOCL and Industrial Infrastructure Development Corporation of Odisha for the development of the project.In February 2014, the project received approvals from the state government under Single Window Clearance Authority (SWCA).On May 13, 2015, a MoU was signed between IOCL, GAIL, and Adani Group (Adani).On September 21, 2016, IOCL and GAIL signed an agreement to acquire 49% stake in DLTPL. IOCL will initially take 39% and GAIL will take 11% equity, and the remaining 50% will be with Adani. In the third quarter of 2016, DLTPL invited tenders to build two 180,000m3 onshore storage tanks, with an initial submission deadline of October 21, 2016. Later, the submission deadline was extended to November 30, 2016, and February 2017. Larsen & Toubro (L&T) has been awarded the turnkey contract to set up the tankages for gas storage.On July 8, 2017, a groundbreaking ceremony was held.On April 19, 2018, DLTPL signed an agreement with Indian Oil Corporation (IOC). The contract includes the regasification of 3MTPA LNG over 20 years at the Dhamra LNG terminal on a use or pays basis to supply gas to Paradip and Haldia refineries.In May 2018, DLTPL awarded US$240 million contract to CTCI Corp. (CTCI) to undertake the civil works.On July 27, 2018, DLTPL signed an agreement with GAIL (India) Ltd. The contract includes the regasification of 1.5MTPA LNG over 20 years at the Dhamra LNG terminal on a use or pays basis to supply gas to its portfolio of customers located in the eastern region and along the under development Jagdishpur– Haldia gas grid.In July 2018, construction works commenced by L&T and underway. The project scheduled to be completed in second half of 2021. Read More

GEI Pakistan (GEIP), a subsidiary of Global Energy Infrastructure Limited (GEIL) is undertaking the construction of an LNG import terminal at Port Qasim, Karachi, Pakistan.The project involves the construction of an LNG terminal with a storage capacity of 28.3 million m3 per day (750 million cubic feet per day). It includes the construction of storage tanks, processing units, loading and unloading facilities, berths, a control room, installation of a floating storage and re-gasification unit (FSRU), a jetty, a pipeline and safety systems.GEIL will undertake the construction works on the project.In 2011, GEIL received integrated project license from the Oil and Gas Regulatory Authority (“OGRA”), executed Implementation Agreement (“IA”) with Port Qasim Authority (“PQA”), obtained environmental approval from the Sindh Environment Protection Agency.In 2012, GEIL was awarded the pipeline capacity allocation by the EOI process of Government of Pakistan, purchased the terminal site in LNG Zone, completed sites and navigation surveys, completed FEED, acquired the remaining permits and rights.In July 2016, GEIL signed a US$22,000 million long-term (20-year) sale and Purchase Agreement (SPA) with Qatargas, for the supply of 1.3 Mt/year (1.75 bcm/year) of LNG from Qatargas 2 to Pakistan over a 20-year period starting in 2018.In December 2016, Höegh LNG signed a charter deal with GEIL for 20 years to supply 170,000m3 LNG Floating Storage Regasification Unit (FSRU).Höegh will supply Hyundai Heavy Industries (HHI)-built Hull 2909 to Port Qasim. The 170,000m3 FSRU will deliver up to 4.3 Million Tonnes Per Annum (MTA).In February 2017, a consortium of Qatar Petroleum (QP), Total S.A., Mitsubishi Corporation and Exxon Mobil Corporation was appointed as associated developers for the project.Construction activities are underway with completion scheduled for the fourth quarter of 2019. Read More