Monthly global LNG benchmark price 2019-2022
The global LNG benchmark price amounted to 29.74 U.S. dollars per million metric British thermal units in October 2022. Prices have increased since late 2021 as a result of supply issues. The largest LNG importers are countries in Asia and the global LNG benchmark is thus a reflection of trading in the Asian market, particularly for Indonesian LNG in Japan. Prior to the energy crisis, the annual average LNG price in Japan was forecast at 11.4 U.S. dollars per Btu in 2022 - a figure that is expected to be significantly higher following this year's events.
