Liquefied Natural Gas Price Trend and Forecast

Regional Market Overview

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

Liquefied Natural Gas Price Trend for First Half of 2023

Despite the anticipated increase in domestic natural gas production, India continues to be heavily dependent on LNG imports due to the growth in its natural gas consumption in the fertilizer and city gas distribution sectors.

Liquefied Natural Gas Price Chart

Liquefied Natural Gas Price Trends and Forecast

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The spot prices, however, were extremely high and volatile at the beginning of the first quarter of 2023. But soon enough, the prices stabilized and eventually declined in Q2. The Asian LNG demand has lagged in 2023, but the region's LNG import capacity is growing gradually as it is supported by investments in transmission and distribution infrastructure.

Many nations are also entering the market, China's capacity for regasification is growing quickly, and India is still committed to significantly increasing the gas part of the energy mix at the expense of coal. Asian LNG demand should therefore resume growing, but it is also shifting toward more price-sensitive countries.

Analyst Insight

According to Procurement Resource, the price trend of Liquefied Natural Gas is expected to grow in the upcoming months as the demand from the Asian region is estimated to incline with the rise in the growing infrastructure sector and consumption rates.  

Procurement Resource provides latest prices of Liquefied Natural Gas. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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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.

Product Details

Report Features Details
Product Name Liquefied Natural Gas
HS Code 27111100
Industrial Uses Power generation, Industrial boilers, Transportation, Residential and commercial heating, Fertilizer production, Metal and glass manufacturing
Synonyms LNG, Liquid Natural Gas
Supplier Database Chevron Corporation, China Petroleum and Chemical Corporation, Equinor ASA, Exxon Mobil Corporation, Gazprom Energy, PetroChina Company Limited, Royal Dutch Shell PLC
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-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.

Production Processes

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.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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