July Nymex natural gas settled higher on June 10 after forecasts for hotter US weather boosted cooling demand, with short covering adding support. Supply disruptions from the Strait of Hormuz closure and damage to Qatar's Ras Laffan plant tighten global LNG supplies, supporting US export demand. However, near-record production and inventories above the five-year average could limit price gains.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Liquefied Natural Gas | China | FOB | USD 809.97/MT | August 2026 |
| Liquefied Natural Gas | India | CIF | USD 900.97/MT | August 2026 |
| Liquefied Natural Gas | Germany | CIF | USD 923.97/MT | August 2026 |
| Liquefied Natural Gas | Australia | CIF | USD 904.97/MT | August 2026 |
| Liquefied Natural Gas | Brazil | CIF | USD 951.97/MT | August 2026 |
| Liquefied Natural Gas | China | FOB | USD 787.00/MT | July 2026 |
| Liquefied Natural Gas | India | CIF | USD 893.81/MT | July 2026 |
| Liquefied Natural Gas | Germany | CIF | USD 920.63/MT | July 2026 |
| Liquefied Natural Gas | Australia | CIF | USD 885.46/MT | July 2026 |
| Liquefied Natural Gas | Brazil | CIF | USD 958.61/MT | July 2026 |
Stay updated with the latest Liquefied Natural Gas prices, historical data, and tailored regional analysis
In China, the average price of Liquefied Natural Gas rose from ~USD 787.00/MT (FOB) in July to ~USD 809.97/MT in August, an increase of ~2.9%. India saw a smaller gain, with average import prices edging up about 0.8% from ~USD 893.81/MT (CIF) to ~USD 900.97/MT. The main driver was the renewed closure of the Strait of Hormuz in late July, which sharply reduced loadings in Qatar and halted exports from the UAE. Only one LNG cargo left the strait in August, compared with a pre-war average of about 6.51 million tonnes a month. Asian buyers had to compete with Europe for Atlantic cargoes, and the restart of Russian exports from Sakhalin offered only limited relief. However, high costs cut demand. Spot prices climbed to about double the level at which Chinese imports stay profitable, and India faced similar pressure, so buyers reduced purchases and switched to coal, keeping gains modest. By late September, flows through Hormuz remained well below normal and Qatar extended force majeure by another month.
Analyst Insight
According to Procurement Resource, in the near term, LNG prices are likely to stay firm as Gulf supply remains disrupted heading into winter, though weak spot buying may limit gains.
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Asian Liquefied Natural Gas markets remained highly sensitive to supply risk in Q2 2026. The main pressure came from Qatar's force majeure notices for June and July cargoes, as the Strait of Hormuz normally carries about one-fifth of global LNG and oil supply. Pacific supply also tightened when industrial action disrupted the Ichthys project in Australia, a key source for Japanese buyers. These outages pushed buyers to seek replacement cargoes from the Atlantic Basin, which changed trade economics between the two regions. Additional US cargoes helped ease the shortage, with shipments to Asia rising to 3.68 million MT in May from much lower levels earlier in the year. Demand remained uneven across the region. China's LNG imports recovered in May, and Taiwan stepped up spot purchases to secure supply. In contrast, Japan and South Korea reduced import volumes, while India limited buying as high landed costs made spot cargoes less affordable.
LNG is natural gas that is cooled to about –162 degree Celsius. This low temperature turns the gas into liquid phase and makes it easier in transportation and storage. It is a colorless, odorless, and non-toxic liquid that has high density and low volume. The liquid nature also helps in the reduction of flammability and helps the fuel to burn cleanly. It is also a versatile fuel source used in a number of industrial and commercial applications.
Power generation, Industrial boilers, Transportation, Residential and commercial heating, Fertilizer production, Metal and glass manufacturing
LNG, Liquid Natural Gas
Chevron Corporation, China Petroleum and Chemical Corporation, Equinor ASA, Exxon Mobil Corporation, Gazprom Energy, PetroChina Company Limited, Royal Dutch Shell PLC
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In conversion of natural gas to liquified natural gas, the natural gas is exposed to low temperatures of about 162°C . The liquified gas is then stored in cryogenic containers with double wall that maintains the pressure of the system a little above the atmospheric pressure.
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