LNG: Market Size & Forecast 2026

The global liquefied natural gas market reached approximately USD 285 billion in 2025 (base year), held in a structural rebalancing between a historic supply surge, 37 MTPA of new liquefaction capacity entering service through 2026, and demand growth that is running ahead of consensus, driven by Asian power-sector switching from coal and European supply-security recalibration. The reference spot price for Asian LNG sits in a USD 545/MT band (Q2 2026, Q2 delivery basis), while Henry Hub natural gas, the primary feedstock benchmark, averages approximately USD 3.50/MMBtu in 2026, compressing the spread between US Gulf Coast feed cost and Asian delivered price and altering the competitive calculus for new project FID. The 7-year forward CAGR of 6.2% (2025-2032) reflects demand growth running ahead of supply additions in the near term, with structural support from energy-security mandates in

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