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Liquefied Natural Gas (lng) Price Trend and Forecast

UNSPC code: 15111511
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Historical Data Since 2015
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Forecast for 2026

liquefied natural gas (lng) Price Trends by Country

auAustralia
qaQatar
usUnited States
inIndia

Global liquefied natural gas (lng) Spot Market Prices, Trend Analysis and Forecast

Price-Watch’s most active coverage of Liquefied Natural Gas (LNG) price assessment:

  • Methane Content: >= 90% FOB Port Darwin, Australia
  • Methane Content: >= 90% (Natural Gas) Ex-Louisiana, USA
  • Methane Content: >= 90% FOB Ras Laffan, Qatar
  • Methane Content: >= 90% (Natural Gas) Ex-Hazira, India

LNG Price Trend Q3 2025

In Q3 2025, the global LNG market experienced moderate demand growth alongside steady supply increases, creating a delicate balance. Asian LNG imports softened amid economic uncertainties and elevated price levels, particularly in China and India, while Europe recorded record LNG import volumes due to reduced pipeline gas supplies. Price volatility persisted throughout the quarter, driven by geopolitical tensions and demand for supply imbalances, resulting in cautious trading activity. These dynamics shaped a turbulent yet resilient market environment during the period.

Australia

LNG Export Price from FOB Port Darwin, Grade: Methane Content ≥ 90%.

In Q3 2025, Liquefied Natural Gas price in Australia experienced a moderate downturn of 4.54%, with FOB offers ranging between USD 14.98–18.21 per metric ton. The Liquefied Natural Gas price trend in Australia reflected a shift in global dynamics as rising liquefaction capacity combined with soft Asian demand led to limited export traction. Market participants noted a cautious procurement approach, with several buyers deferring new cargoes amid fuel transition pressures.

In September 2025, LNG prices in Australia decreased by 9.35%, highlighting intensified pricing pressure towards the end of the quarter. While upstream production remained steady, subdued shipping volumes and the emergence of new regional suppliers weighed pricing throughout the quarter. Sellers faced mild pressure to adjust offer levels to remain competitive in a well-supplied market.

United States

LNG Export Price from Ex-Louisiana, Grade: Methane Content ≥ 90% (Natural Gas).

According to PriceWatch, in Q3 2025, Liquefied Natural Gas price in the United States recorded a notable decline of 6.71%, with Ex-Louisiana prices ranging between USD 2.82–3.53 per metric ton. The Liquefied Natural Gas price trend in the United States was shaped by a mix of oversupply and soft overseas demand. Despite continued infrastructure expansion, growing inventories and competitive pipeline gas imports into Europe and Asia added bearish pressure.

In September 2025, LNG prices in the United States increased by 2.05%, signaling a minor price rebound amid the broader quarterly downward trend. The number of enquiries remained modest as international buyers capitalized on the spot market dip. The Henry Hub-linked pricing environment further encouraged downward momentum, reflecting a well-balanced supply scenario throughout the quarter.

Qatar

LNG Export Price from FOB Ras Laffan, Grade: Methane Content ≥ 90%.

In Q3 2025, Liquefied Natural Gas price in Qatar saw a marginal decrease of 0.20%, with FOB Ras Laffan offers quoted between USD 10.3–12.29 per metric ton. The Liquefied Natural Gas price trend in Qatar remained largely stable due to long-term contract obligations and sustained export volumes. Although spot enquiries from Asia and Europe fluctuated slightly, overall trade flows remained intact.

In September 2025, LNG prices in Qatar decreased by 1.24%, reflecting minor seasonal and market-driven adjustments. Market players noted minimal deviation in FOB pricing amid predictable shipping schedules and consistent upstream operations. Despite minor seasonal variation in global demand, Qatar’s market position and fixed contractual structures supported relative pricing stability throughout the quarter.

India

LNG Domestic Price from Ex-Hazira, Grade: Methane Content ≥ 90% (Natural Gas).

According to PriceWatch, in Q3 2025, Liquefied Natural Gas price in India registered a 2.79% increase under Ex-Hazira terms, with prices assessed between INR 6.56–7.18 per metric ton. The Liquefied Natural Gas price trend in India was driven by a combination of rising domestic gas requirements and firm global supply costs. The number of enquiries rose steadily, especially from distribution players and power sector buyers.

In September 2025, LNG prices in India decreased by 1.00%, indicating a slight softening following the overall upward trend seen in the quarter. Imports remained active, supported by favorable demand outlook and stable shipping activity. Domestic suppliers saw consistent offtake, while minor constraints in delivery schedules occasionally impacted localized pricing. Overall, the Indian LNG market maintained upward pressure on prices across the quarter.

Liquefied Natural Gas (LNG) Price Trend Analysis: Q2 2025

In Q2 2025, According to the PriceWatch, LNG (Methane Content: ≥ 90%) prices on an FOB basis from Australia averaged around 16.87 USD per MMBtu, marking a -19.72% decline from 21.01 USD per MMBtu in Q1 2025. This decline was primarily influenced by the easing of winter demand across Northeast Asia, particularly in Japan and South Korea.

Inventory levels remained elevated due to strong Q1 procurement, leading to reduced spot buying in Q2. Additionally, steady production rates in Australia and fewer weather-related disruptions helped maintain stable supply. South Korea, sourcing LNG via both China and Thailand, observed reduced spot intake amid sufficient term supplies.

The LNG price trend shifted downward as traders anticipated further softening, while the LNG price index reflected lower transaction volumes. The LNG price chart showed a consistent easing pattern, signaling buyer caution. Overall, the LNG market in Q2 leaned towards correction and rebalancing after an intense winter procurement phase. 

In Q2 2025, According to the PriceWatch, LNG (Methane Content: ≥ 90%) prices in India averaged $6.86 per MMBtu, marking a -10.59% decline from $7.68 per MMBtu in Q1 2025. This price correction was primarily triggered by comfortable inventory levels carried over from the high-volume Q1 purchases. The Indian market also saw reduced short-term buying due to ongoing monsoon conditions that limited industrial demand, particularly in power generation and city gas distribution.

Additionally, steady inflows from long-term supply contracts ensured there was no immediate urgency for fresh spot procurement. As a result, the LNG price trend reflected a downward correction, with the LNG price index showing softened spot activity. The LNG price chart for India indicated steady declines throughout the quarter, suggesting that the Indian LNG market moved towards equilibrium after a relatively firm Q1. Market participants observed cautious procurement amid subdued downstream requirement. 

In Q1 2025, LNG (Methane Content: >= 90%) prices of FOB Port Darwin continued to rise, reaching $21.04 USD/MMBTU, reflecting an increase of 15.73% from Q4 2024. This growth was driven by robust winter demand and strategic stockpiling by major importing countries, including China and Japan, to mitigate potential supply risks.

Additionally, the anticipation of further price corrections led some buyers to secure long-term contracts to hedge against volatility. Despite the upward pressure on prices, Australia’s strategic role as a reliable LNG (Methane Content: >= 90%) supplier helped maintain market stability, ensuring a balanced flow of LNG to meet international requirements. 

In Q1 2025, LNG (Methane Content: >= 90%) prices in Ex-Hazira stabilized at $7.68/MMBtu, showing a 2.35% decline from Q4 2024. The market remained balanced with adequate supply and moderate demand from power and manufacturing sectors.

While global LNG prices saw some fluctuation due to weather-driven demand in Europe and Northeast Asia, the Indian market maintained relatively stable pricing, supported by efficient port operations and fewer freight disruptions. With steady fundamentals in place, the outlook for the coming quarter remains cautiously optimistic. 

Liquefied Natural Gas (LNG) Price Trend Analysis: Q4 2024

In Q4 2024, LNG (Methane Content: >= 90%) prices of FOB Port Darwin surged to $18.18 USD/MMBTU, a 57.95% increase from Q3. This rise was driven by heightened demand from Europe and Asia amid concerns over potential disruptions in Russian gas supplies via Ukraine and seasonal demand spikes. Logistical challenges and increased transportation costs also contributed to the price hike. Despite this, Australia’s strong production capabilities ensured stable output and consistent exports. 

In Q4 2024, Ex-Hazira LNG (Methane Content: >= 90%) prices were reported at $7.5/MMBtu, marking a slight decrease of 8.50% from the previous quarter. The dip was influenced by sluggish demand in the industrial segment and stabilized imports, supported by better inventory levels and consistent supply from long-term contracts.

Although the festive season typically boosts gas consumption in packaging and small-scale industries, the impact was offset by improved domestic production and softened spot procurement activity, keeping prices on the lower end. 

In Q3 2024, the LNG (Methane Content: >= 90%) market of FOB Port Darwin saw a significant upward trend, with prices reaching $11.51 USD/MMBTU, reflecting a 34.46% increase from Q2. This surge was primarily driven by strong global demand as major importing countries, especially in Asia and Europe, sought to secure stable energy supplies amid geopolitical uncertainties.

Australia’s position as one of the world’s leading Liquefied Natural Gas (LNG) exporters played a crucial role in meeting this increased demand. Additionally, improved operational efficiencies and reliable export volumes from Australian LNG facilities supported price growth. The need for energy security and the ongoing recovery from the global energy crisis contributed to steady buying momentum, maintaining an overall positive market trend. 

By Q3 2024, the LNG (Methane Content: >= 90%) market showed signs of cooling, with prices in Ex-Hazira averaging around $8.2/MMBtu, reflecting a slight decrease of 4.06% from Q2. The market softened mainly due to reduced seasonal demand and an abundant global Liquefied Natural Gas (LNG) supply, particularly from the US and Middle East exporters.

On the domestic front, cooler-than-expected weather and improved storage capacities led to lower short-term buying. However, prices remained relatively firm due to ongoing freight challenges and logistical bottlenecks at Indian ports. 

In Q2 2024, LNG (Methane Content: >= 90%) prices of FOB Port Darwin continued their decline trend, falling to USD 8.56/MMBTU, reflecting an 11% decrease from Q1. This decline was largely due to decreased demand from industrial sectors, particularly in China, where energy consumption fell as the manufacturing sector faced a slowdown.

Furthermore, ongoing supply chain improvements and the resolution of earlier logistical issues helped stabilize supply, easing price pressure. The improvement in global shipping routes and reduced traffic at major ports made it easier to transport Liquefied Natural Gas (LNG), which helped lower transportation costs. 

Moving into Q2 2024, Liquefied Natural Gas (LNG) (Methane Content: >= 90%) prices in Ex-Hazira rose to $8.54/MMBtu, reflecting a 7.55% increase from Q1. The price growth was driven by sustained demand from industrial and commercial consumers, particularly in the fertilizer and ceramic sectors.

A noticeable rise in global shipping activity, with a 7.4% increase in container port volumes and a 10.4% jump in containership supply, led to soaring freight rates, putting additional pressure on LNG costs. Port congestion across major Asian hubs and rerouting of vessels due to geopolitical tensions in key shipping lanes further intensified the market’s bullish momentum. 

In Q1 2024, the global market of Liquefied Natural Gas LNG (Methane Content: >= 90%) experienced a bearish trend, particularly in the Asia-Pacific region. FOB Port Darwin, LNG (Methane Content: >= 90%) prices reported at USD 9.58/MMBTU represented a significant decrease of 21% compared to the previous quarter.

This drop was largely driven by abundant supply in the global market and weakened demand in key sectors, such as energy and power generation, as countries shifted towards renewable energy sources. Additionally, milder weather conditions across Asia reduced the demand for heating, contributing to the overall decline in prices. 

In Q1 2024, the Indian Liquefied Natural Gas (LNG) (Methane Content: >= 90%) market witnessed a bullish trend, largely influenced by the rise in natural gas feedstock prices and steady demand from major sectors such as power generation and industrial usage. In India, Ex- Hazira LNG prices stood at $7.8/MMBtu, marking a slight increase from the previous quarter, with a positive change of 11.01%.

This upward movement was supported by seasonal heating demand during the winter months, combined with strong spot purchases from key buyers. Additionally, limited shipping availability and increased freight rates added pressure on FOB India prices, further driving the market upward. 

Technical Specifications of Liquefied Natural Gas (lng) Price Trends

Product Description:

Liquified Natural Gas (LNG) is a colorless, non-toxic liquid formed by cooling natural gas to extremely low temperatures, making it more compact and easier to transport. It is primarily composed of methane and is sourced from the Natural Gas fields. Liquified Natural Gas is widely used as an energy source for heating, electricity generation, and fuel for transportation due to its efficiency and lower environmental impact compared to other fossil fuels. Its ability to be transported over long distances by specialized tankers makes it a crucial component in the global energy trade.

Identifiers and Classification:

CAS No – 8006-14-2

HS Code – 271111

Molecular Formula – CH4

Molecular Weight[g/mol] – 16.04 g/mol

Liquified Natural Gas Synonyms:

  • LNG
  • Liquid Methane
  • Natural Gas


Liquified Natural Gas (LNG) Grades Specific Price Assessment:

  • Methane Content: >= 90%


Liquified Natural Gas (LNG) Global Trade and Shipment Terms:

  • Quotation Terms (Product & Country Specific): 300-500 MMBTU
  • Packaging Type (Product & Country Specific): Tanker


Incoterms Referenced in LNG Price Reporting:

Shipping Term  Location  Definition 
FOB Port Darwin  Port Darwin, Australia  LNG Export price from Australia 
Ex-Louisiana  Louisiana, USA  LNG Export price from USA 
FOB Ras Laffan  Ras Laffan, Qatar  LNG Export price from Qatar 
Ex-Hazira  Hazira, India  Domestically Traded LNG price in Hazira 

*Quotation Terms refers to the quantity range specified for the LNG being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for LNG packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Liquified Natural Gas (LNG) Manufacturers:

Manufacturers 
Petronet LNG Limited 
Qatar Energy LNG 
Woodside Energy 
Cheniere Energy 

Liquefied Natural Gas (lng) Industrial Applications

Liquefied Natural Gas (LNG) is primarily used as a cleaner energy source for various applications. It is widely used in power generation to produce electricity more efficiently. Liquefied Natural Gas also serves as a fuel for heating in homes and industries. In transportation, it is used as a fuel for ships and heavy vehicles, reducing emissions compared to traditional fuels. Additionally, Liquefied Natural Gas is important in industrial processes, such as in manufacturing and refining, where it provides a reliable and low-emission energy source. Liquefied Natural Gas is also essential for exporting natural gas, enabling transport over long distances via specialized tankers.

Historically, several events have caused significant fluctuations in Liquefied Natural Gas (lng) prices

  • COVID-19 Pandemic :(2021-2022): A combination of post-pandemic recovery, supply shortages, and high demand, particularly in Europe and Asia, resulted in an unprecedented spike in LNG prices. This crisis highlighted the fragility of the global supply chain. 
  • Hurricane Ida and Texas winter storm (2021): Both the Texas winter storm and Hurricane Ida caused significant disruptions in LNG production and export facilities, leading to production outages and temporary supply shortages, which resulted in spikes in LNG prices due to constrained supply. 
  • U.S.-China Trade War (2018-2019): Geopolitical tensions between the U.S. and China affected LNG trade flows, with China imposing tariffs on U.S. LNG imports. This disrupted supply chains and contributed to market instability during the period. 
  • Hurricane Harvey (2017): Severe flooding in Texas from Hurricane Harvey temporarily halted LNG production and exports, causing a supply shortage and a temporary spike in global prices. 
  • Global LNG Supply Expansion (2016-2018): The ramp-up of LNG production in Australia and Qatar’s announcement to increase its production capacity by 30% significantly boosted global LNG supply during this period. This expansion challenged traditional suppliers and led to downward pressure on prices as the market adjusted to the increased availability of LNG. 

 

These events highlight the sensitivity of the LNG market to geopolitical tensions, weather disruptions, and shifts in supply-demand dynamics, underscoring the importance of monitoring global trends. 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global liquefied natural gas (lng) price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the liquefied natural gas (lng) market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence liquefied natural gas (lng) prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely liquefied natural gas (lng) market data.

Track PriceWatch's liquefied natural gas (lng) price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data:
    PriceWatch gathers real-time pricing data from a wide range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures our assessments reflect the latest market conditions for Liquefied Natural Gas. 
  • On-the-Ground Intelligence:
    Our team collects insights directly from key market players, including LNG producers, suppliers, traders, and end-users across major production hubs. This local intelligence is vital to understanding the unique dynamics of specific LNG markets. 
  • Supply Chain Monitoring:
    We monitor the entire Liquefied Natural Gas supply chain, from extraction and liquefaction to transportation and distribution. This includes tracking natural gas prices, shipping routes, storage capacities, and terminal operations to provide a full picture of supply dynamics. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions:
    PriceWatch keeps a close eye on global geopolitical developments, such as conflicts, sanctions, and trade disputes, which can significantly impact LNG prices. For instance, the Russia-Ukraine conflict and its disruption to European gas markets have led to price volatility worldwide. 
  • Natural Disasters and Climate Events:
    We assess the impact of weather-related events, such as hurricanes, typhoons, and extreme cold spells, on LNG production and export facilities. Events like hurricanes in the U.S. Gulf Coast or freezing conditions in key exporting nations can lead to short-term supply disruptions. 
  • Economic Shifts:
    PriceWatch analyses macroeconomic trends, including global economic growth, inflation, and sector-specific demand (e.g., power generation, industrial use). These factors are crucial in predicting LNG demand and resulting price movements. 

Production Capacity and Supply Analysis

  • Current Production Monitoring:
    We maintain a detailed global database of LNG production facilities, tracking their operational status, maintenance activities, and output levels. This helps us assess the current supply of Liquefied Natural Gas at any given time. 
  • Future Capacity Projections:
    Our research includes forecasts of future LNG production capacity, considering new liquefaction plants, expansions, and advancements in technology. This aids in predicting future supply trends and potential impacts on price stability. 

Demand Forecasting

  • Sectoral Demand Analysis:
    PriceWatch offers a deep dive into demand trends across key sectors, such as power generation, industrial applications, and residential heating. We monitor year-on-year demand growth and predict future consumption patterns based on market indicators. 
  • Global Demand Dynamics:
    Our analysis looks at regional variations in demand and how they influence global LNG prices. This includes evaluating shifts in energy policies, changes in environmental regulations, and regional supply and demand imbalances. 

Pricing Model Development

  • Dynamic Pricing Models:
    PriceWatch uses advanced econometric models to forecast Liquefied Natural Gas prices, integrating real-time data, historical trends, and projected market conditions. Our models are constantly updated to improve accuracy and reliability. 
  • Scenario Analysis:
    We run scenario-based analyses to examine possible future market conditions. This includes evaluating best-case, worst-case, and most likely scenarios, helping clients prepare for various market developments. 

Reporting and Client Support

  • Comprehensive Reports:
    Clients receive detailed reports featuring current LNG price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to provide actionable insights and clear recommendations. 
  • Ongoing Support:
    PriceWatch offers continuous updates and personalized client support, ensuring you always have the latest information to make informed decisions. Our experts are available for discussions on specific market trends and to offer tailored advice. 

This research methodology ensures that PriceWatch delivers accurate, timely, and actionable Liquefied Natural Gas pricing assessments, helping clients stay ahead of market trends and make well-informed business decisions. 

Liquefied Natural Gas (lng) Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for liquefied natural gas (lng). PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

The price of Liquefied Natural Gas is influenced by several factors, including supply and demand dynamics, production costs, and transportation expenses. Additionally, geopolitical events, weather conditions, and global economic trends can significantly impact pricing. Fluctuations in the price of crude oil and natural gas also play a crucial role, as they affect LNG production and competition with alternative fuels.

Changes in global supply and demand directly impact Liquefied Natural Gas pricing. When demand increases due to factors such as economic growth or seasonal heating needs, prices tend to rise. Conversely, oversupply from increased production capacity or reduced demand can lead to price declines. Procurement heads should closely monitor market trends and adjust sourcing strategies to navigate these fluctuations effectively.

Liquefied Natural Gas pricing can vary significantly by region due to differences in local demand, transportation costs, and supply chain logistics. For instance, regions with abundant natural gas resources may have lower prices compared to those that rely on imports. Procurement teams should consider these regional price variations when developing sourcing strategies, looking for opportunities in cost-competitive markets and optimizing logistics to reduce overall expenses.

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