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

Please Login or Subscribe to Access the Liquefied Natural Gas Price Chart Data
 

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.