2026 World LNG Report - 02

LNG prices in 2025 reflected a growing divergence between Asia Pacific and Atlantic market structures. In the Asia Pacific basin, prices exhibited wider seasonal ranges and stronger inter-basin sensitivity as demand, flexible supply and financial participation deepened. The Atlantic basin remained structurally well supplied, with Europe acting as the primary clearing market for surplus LNG. Against this backdrop, LNG benchmark-linked pricing, liquidity and risk management activity continued to expand across both basins.