World LNG Report 2021 - Pricing

The global LNG market experienced an eventful 2020, during which spot prices of cargoes trading in the Atlantic and Asia Pacific basins plummeted to record lows in the first six months, and then waged a breath-taking rally to hit multi year highs at the start of 2021. Assuming an average slope of 13% for older contracts and 11% for newer ones, Brent-linked LNG contracts for delivery over the full year of 2020 were priced at US$5.82/mmBtu and US$4.93/mmBtu, respectively.