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Liquefied Natural Gas (LNG) Price Trend and Forecast

UNSPC code: 15111511
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⟳ Weekly Update
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Historical Data Since 2015
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Forecast for 2026
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liquefied natural gas (lng) Price Trends by Country

auAustralia
usUnited States
inIndia
euEurope
jpJapan

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

Price Watchâ„¢ provides real-time price assessments and price forecasts for Liquified natural Gas (LNG) across top trading regions:

LNG Regional Coverage LNG Grade and Country Coverage LNG Pricing Data Coverage Explanation
Asia-Pacific LNG Pricing Analysis Methane Content ≥ 90% FOB Prices at Darwin Port, Australia Weekly Price Update on LNG Real-Time Export Prices from Darwin Port, Australia to Global Markets
Methane Content ≥ 90% Domestic Prices, India Weekly Price Update on LNG Real-Time Domestic Prices in India
Methane Content ≥ 90% Japan/Korea LNG Prices, Japan Weekly Price Update on LNG Real-Time Prices for the Japan/Korea Market Benchmark (JKM)
North America LNG Pricing Analysis Natural Gas (Henry Hub) Ex-Louisiana Domestic Prices, USA Weekly Price Update on Henry Hub Natural Gas Real-Time Domestic Prices in Louisiana, USA
Europe LNG Pricing Analysis Natural Gas (TTF) Europe Hub Prices Weekly Price Update on Natural Gas (TTF) Real-Time European Hub Prices

Liquified natural Gas (LNG) Price Forecasts & Market Foresight Q3 2026

Outlook: Stable to Mildly Bearish

Confidence: Medium–High

Global LNG prices are expected to remain elevated in July 2026 as peak summer cooling demand across Northeast Asia and Europe sustains strong spot procurement, alongside continued geopolitical risk premiums associated with Middle Eastern shipping routes.

Prices are likely to ease through August as LNG inventories improve and seasonal buying moderates, before stabilizing in September with the onset of pre-winter inventory replenishment.

Europe and Northeast Asia are expected to remain the primary demand centers, while ample export availability from the United States, Australia, and Qatar should help prevent significant supply tightness despite ongoing market uncertainty.

Global Liquified natural Gas (LNG) Market Overview by Region (July–September 2026)

Country Grade/Incoterm Outlook
Australia Methane Content: >= 90% FOB Port Darwin Mildly Bearish to Bearish
USA Natural Gas (Henry Hub) Ex-Louisiana Mildly Bullish to Bullish
India Methane Content: >= 90% Domestic Strongly Bearish
Europe Natural Gas (TTF) Europe Bullish to Strongly Bullish
Japan Methane Content: >= 90% Japan/Korea Mildly Bearish to Bearish

*LNG Forecast represents an analytical assessment based on information available at the time of publication. Actual market prices may vary due to unforeseen operational, regulatory, geopolitical, or economic developments.

Explore the Complete Price Watch™ LNG Forecast

Access comprehensive LNG market intelligence, including a 3-Month Rolling Forecast, 12-Month Price Forecast, forward price curves, country-wise market outlooks, procurement insights, and monthly forecast updates.

Explore Price Watch™ LNG Forecasts

What’s Included

The 3-Month Forecast (Updated Monthly)

It reflects changes in natural gas feedstock costs, liquefaction and regasification activity, energy prices, producer operating rates, planned and unplanned plant outages, storage inventory levels, global LNG trade flows, shipping and freight rates, regional demand, weather conditions, and geopolitical developments affecting the global LNG market.

The 12-Month Forecast (Published Annually)

It provides a strategic outlook based on expected capacity additions, supply-demand balances, feedstock economics, macroeconomic conditions, industrial production trends, trade policies, seasonal demand patterns, and long-term supply chain developments, supporting procurement, budgeting, and strategic planning.

Our Proprietary Hybrid Forecasting Model Evaluates:

  • Feedstock & production economics
  • Plant operating rates & outages
  • Inventory and supply-demand balance
  • Regional trade flows & freight
  • Import-export dynamics
  • Macroeconomic & geopolitical developments

Track Supply Chain Disruptions in Real Time

As geopolitical risks continue to reshape global supply chains, stay ahead of the events that drive price movements by monitoring plant shutdowns, maintenance turnarounds, force majeure events, logistics bottlenecks, trade restrictions, and operational disruptions before they impact LNG markets.

Access the Price Watch™ GIO Tracker

LNG Price Trend Q2 2026

In Q2 2026, the global LNG market remained highly sensitive to geopolitical developments, shipping disruptions, and changing procurement patterns. The conflict in the Middle East and concerns over LNG transit through the Strait of Hormuz initially strengthened supply-security buying across Asia and Europe, particularly as Qatar and UAE cargo availability became uncertain.

The disruption affected a significant portion of global LNG trade and increased competition for alternative cargoes. However, the market began to ease toward the end of June as expectations of a diplomatic resolution reduced immediate risk of premiums.

Asian spot LNG prices reached a near four-month low by June 30, while resilient global production and continued LNG availability also limited sustained supply tightness.

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

In Q2 2026, LNG prices in Australia increased by approximately 62%, supported by stronger Asian demand as buyers sought alternative supply amid uncertainty surrounding Middle Eastern LNG shipments.

Australian cargoes became increasingly attractive because of their proximity to Northeast Asia and Australia’s flexible FOB contract structure, allowing cargoes to be redirected according to market conditions. Stable export operations also supported market confidence.

However, June brought a 13.18% decline as procurement pressure eased, and buyers became more cautious after securing supply earlier in the quarter. The gradual improvement in shipping confidence and expectations of reduced geopolitical disruption also lowered the urgency for precautionary purchases.

Strong Australian export availability further reduced immediate supply tightness, resulting in a June correction despite the strong Q2 increase.

USA: Natural Gas Export Price from Ex-Louisiana, USA, Grade – Natural Gas (Henry Hub)

In Q2 2026, US LNG prices declined by around 10% as strong domestic gas production and adequate storage outweighed the positive impact of robust LNG export demand. Feed gas demand remained elevated, with US LNG feed gas flows during the first half of 2026 significantly above historical levels.

However, spring maintenance at several LNG facilities temporarily reduced feed gas flows during June, limiting export-related upward pressure on Henry Hub prices. In June, LNG prices nevertheless increased by 8.87% as stronger international LNG demand supported US export activity and feed gas requirements.

US LNG exports reached 10.6 million tons during June, while cargoes increasingly shifted toward Asia as Asian prices strengthened relative to Europe.

Japan: LNG Price in Japan, Grade – Methane Content ≥90%

In Q2 2026, LNG prices in Japan increased by nearly 26% as Japanese utilities maintained supply-security procurement despite the seasonal reduction in heating demand.

Middle East supply disruptions increased the importance of diversified sourcing, while concerns over LNG shipping through the Strait of Hormuz encouraged utilities to secure cargoes earlier rather than rely heavily on spot purchases.

Japan’s power-sector requirements also provided underlying demand support. By June, the market began showing signs of easing as the immediate geopolitical risk premium weakened. Asian spot LNG prices fell to a near four-month low by the end of June as market participants became more optimistic about a potential peace agreement.

Nevertheless, Japanese LNG prices increased by 1.27% in June as utilities continued maintaining supply coverage, with seasonal demand moderation limiting the scale of the increase.

India: LNG Domestically Traded Price in Hazira, India, Grade – Methane Content ≥90% Domestic

In Q2 2026, LNG prices in India increased by approximately 69%, supported by strong power-sector and industrial demand and the disruption of traditional Gulf supply routes. Severe summer heat increased electricity requirements, making LNG an important balancing fuel when renewable generation was insufficient.

The loss of Qatari supply also pushed Indian buyers toward alternative cargoes from the United States, Oman and Nigeria, increasing procurement costs and supply competition. In June, LNG prices declined by 5.43% as immediate buying pressure moderated, and alternative supply sources became more established.

India’s LNG procurement strategy had already shifted toward greater diversification, reducing dependence on disrupted Gulf cargoes. The June decline therefore reflected improved supply flexibility and reduced immediate procurement pressure rather than a fundamental deterioration in Indian gas demand.

Europe: Natural Gas (TTF) Price in Europe

In Q2 2026, European LNG prices increased by around 16%, supported by storage replenishment, supply-security concerns, and continued reliance on LNG imports. Europe entered the injection season with relatively low inventories following strong winter withdrawals, making storage rebuilding an important source of gas demand.

Concerns over disrupted LNG flows through the Strait of Hormuz further encouraged European buyers to secure alternative supply. However, June saw TTF prices decline by 2.47% as shipping conditions improved, and market participants became more optimistic about a potential easing of the Middle East conflict.

LNG flows also remained supported by US supply, although competition from Asia became stronger as Asian spot prices moved above European levels. The June decline therefore reflected easing geopolitical risk rather than weaker winter storage requirements.

Liquefied Natural Gas (LNG) Price Trend Analysis: Q1 2026

Liquefied Natural Gas (LNG) Price Trend Q1 2026

In Q1 2026, the global LNG market remained firm as winter demand across Europe and Northeast Asia supported import activity during most of the quarter. Europe continued drawing gas from storage while Asian buyers maintained steady procurement to meet heating requirements. Stable LNG production from major exporters prevented major supply shortages despite strong seasonal consumption. Market sentiment improved further as colder weather supported demand in key importing regions. The LNG Price Chart reflected stronger regional trading activity, while the LNG Price Index indicated firmer market conditions supported by seasonal demand and balanced global supply.

Australia: LNG Export price from FOB port Darwin, Australia, Grade – Methane Content: >= 90%

In Q1 2026, Australia’s LNG market remained stable, with quarterly prices declining by approximately 6%, as major liquefaction facilities maintained reliable production and uninterrupted exports to Asian buyers. Demand improved during the winter season, although comfortable inventories across key importing countries limited aggressive spot procurement. Competition from other global LNG exporters also kept market conditions balanced despite healthy contractual shipments. Market sentiment strengthened toward the end of the quarter as regional buyers increased procurement ahead of seasonal demand. Overall, the Australian LNG market remained well supplied with stable export activity. LNG Price Trend in Australia remained resilient, and LNG Prices in Australia increased by 12.18% in March 2026.

USA: Natural Gas Export price from Ex – Louisiana, USA, Grade – Natural Gas (Henry Hub)

In Q1 2026, the US natural gas market softened, with quarterly prices declining by approximately 14%, as robust shale gas production continued to exceed seasonal demand despite strong LNG export activity. Higher storage levels and steady production from major gas basins ensured comfortable domestic supply throughout the quarter. Mild weather toward the end of the winter season reduced heating demand and eased market pressure. LNG export terminals continued operating steadily, providing support to domestic gas consumption. Overall, the US natural gas market remained adequately supplied with balanced fundamentals. Natural Gas Price Trend in the USA remained stable, and Natural Gas Prices in the USA declined by 2.26% in March 2026.

Japan: LNG Export price from Japan, Japan, Grade – Methane Content: >= 90%

In Q1 2026, Japan’s LNG market strengthened, with quarterly prices increasing by approximately 13%, as colder weather increased demand for electricity generation and residential heating. Utilities raised procurement to maintain adequate inventories, while consistent imports under long-term contracts ensured reliable supply. Spot buying also improved as buyers secured additional cargoes to meet peak seasonal requirements. Stable shipping activity supported uninterrupted deliveries across major receiving terminals. Overall, the Japanese LNG market remained firm, supported by higher winter demand and active procurement. LNG Price Trend in Japan remained bullish, and LNG Prices in Japan increased by 31.18% in March 2026.

India: LNG Domestically Traded price in Hazira, India, Grade – Methane Content: >= 90% Domestic

In Q1 2026, India’s LNG market remained balanced, with quarterly prices declining by approximately 1%, as demand from fertilizer producers, city gas distribution companies, and industrial consumers supported regular gas consumption. Domestic gas production and consistent LNG imports ensured sufficient supply across major demand centers. Buyers remained active as seasonal energy requirements improved during the quarter, while stable cargo availability prevented supply tightness. Import infrastructure continued operating efficiently throughout the period. Overall, the Indian LNG market remained stable with balanced supply and demand conditions. LNG Price Trend in India remained steady, and LNG Prices in India increased by 12.06% in March 2026.

Europe: Natural Gas Export price from Europe, Europe, Grade – Natural Gas (TTF)

In Q1 2026, Europe’s natural gas market strengthened significantly, with quarterly prices increasing by approximately 25%, as prolonged cold weather increased heating demand and accelerated withdrawals from underground gas storage. Buyers actively secured LNG cargoes to maintain supply security while storage replenishment plans supported procurement activity toward the end of the quarter. Stable imports from major global exporters ensured adequate availability despite strong seasonal consumption. Market sentiment remained firm throughout the quarter as weather conditions continued supporting demand. Overall, the European natural gas market remained resilient with strong import activity. Natural Gas Price Trend in Europe remained bullish, and Natural Gas Prices in Europe increased by 59.34% in March 2026.

Liquefied Natural Gas (LNG) Price Trend Analysis 2025

Liquefied Natural Gas (LNG) Price Trend Q1 2025

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 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. 

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

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

According to Price Watch, 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 LNG 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 Q4 2025

In Q4 2025, the global LNG market remained balanced despite the onset of the winter heating season across the Northern Hemisphere. Higher seasonal demand from Europe and Northeast Asia supported LNG trade, while stable production from major exporters ensured adequate cargo availability. Europe entered the winter with healthy storage inventories, limiting aggressive spot procurement, whereas Asian buyers largely relied on long-term contracts to secure supplies. Overall, sufficient global supply and disciplined purchasing strategies prevented significant market tightness despite increased winter consumption.

Australia: LNG Export price from FOB Port Darwin, Australia, Grade – Methane Content: >= 90%

In Q4 2025, Australia’s LNG market remained stable, with quarterly prices declining by approximately 11%, as uninterrupted production from major liquefaction facilities ensured consistent export cargo availability throughout the winter procurement season. Demand from Northeast Asian buyers remained steady, although comfortable inventories and long-term contractual supplies limited additional spot purchases. Competitive LNG supplies from the United States and Qatar also moderated export opportunities across the Asia-Pacific market. Prices ranged between USD 9.65–10.49, with a 3.64% increase recorded in December 2025. Overall, the Australian LNG market remained balanced, supported by reliable production and stable regional demand.

USA: Natural Gas Export price from Ex-Louisiana, USA, Grade – Natural Gas (Henry Hub)

In Q4 2025, the US natural gas market strengthened, with quarterly prices increasing by approximately 26%, as colder weather boosted residential and commercial heating demand while LNG export terminals operated at high utilization to meet global winter requirements. Strong feedgas demand, combined with seasonal storage withdrawals, improved market fundamentals despite continued robust shale gas production. Increased gas-fired power generation further supported domestic consumption during the quarter. Prices ranged between USD 3.04–5.02, with a 16.89% increase recorded in December 2025. Overall, the US natural gas market remained firm, driven by winter demand and strong LNG export activity.

Japan: LNG Export price from Japan, Grade – Methane Content: >= 90%

In Q4 2025, Japan’s LNG market remained adequately supplied, with quarterly prices declining by approximately 5%, as utilities secured winter fuel requirements primarily through long-term contracts. Stable nuclear power generation and growing renewable electricity output continued reducing dependence on spot LNG procurement, while comfortable inventories ensured reliable supply throughout the quarter. Buyers remained cautious in the spot market despite the seasonal increase in heating demand. Prices ranged between USD 10.84–11.46, with a 0.81% decline recorded in December 2025. Overall, the Japanese LNG market remained stable, supported by diversified power generation and secure import arrangements.

India: LNG Domestically Traded price in Hazira, India, Grade – Methane Content: >= 90% Domestic

In Q4 2025, India’s LNG market remained balanced, with quarterly prices declining by approximately 2%, as steady demand from fertilizer manufacturers, city gas distribution networks, and industrial consumers supported regular gas consumption. Domestic natural gas production continued complementing imported LNG, while adequate cargo availability maintained comfortable supply conditions. Buyers adopted measured procurement strategies as stable international supplies reduced concerns over market tightness. Prices ranged between INR 560–631, with a 0.17% increase recorded in December 2025. Overall, the Indian LNG market remained stable, supported by sufficient supply and consistent domestic demand.

Europe: Natural Gas Export price from Europe, Grade – Natural Gas (TTF)

In Q4 2025, Europe’s natural gas market strengthened despite quarterly prices declining by approximately 4%, as colder temperatures increased heating demand and accelerated withdrawals from underground gas storage facilities. Continued LNG imports from major exporters complemented pipeline supplies, while market participants remained focused on maintaining supply security throughout the winter season. Healthy inventory levels moderated supply concerns, but stronger seasonal consumption supported firmer trading activity toward the end of the quarter. Prices ranged between USD 10.18–11.46, with an 8.64% increase recorded in December 2025. Overall, the European natural gas market remained resilient, supported by winter demand and diversified LNG import sources.

Liquefied Natural Gas (LNG) Price Trend Q1 2024

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. 

Liquefied Natural Gas (LNG) Price Trend Q2 2024

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. 

Liquefied Natural Gas (LNG) Price Trend Q3 2024

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. 

Liquefied Natural Gas (LNG) Price Trend 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. 

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 Price Watchâ„¢?

Price Watchâ„¢ 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, Price Watchâ„¢ keeps you fully informed of market dynamics.

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

Track Price Watch'sâ„¢ 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.

Liquefied Natural Gas (lng) Market Price Trend published by Price Watchâ„¢ reflect prevailing spot market conditions, derived from independent research, verified trade inputs, and proprietary market intelligence as of the publication date. Prices are published on the specified Incoterm and represent indicative base market levels, exclusive of applicable taxes, VAT, duties, tariffs, and other statutory charges. Actual transaction values may vary depending on volume, credit terms, contractual structure, and other negotiated conditions. Market prices are inherently subject to volatility, liquidity dynamics, regulatory changes, and evolving trade activity. The information provided is for reference and benchmarking purposes only and does not constitute an offer, recommendation, or guarantee of transactional outcomes. Users should exercise independent commercial judgment and assess their specific contractual, regulatory, tax, and application requirements before making business decisions. Price Watchâ„¢ assumes no liability for decisions taken based on this information.

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.

Access Real-Time Liquefied Natural Gas (LNG) Price Trends
Access Real-Time Liquefied Natural Gas (LNG) Price Trends