European LNG imports are on track to reach some of their highest levels of the year this week despite persistently weak prices as Asian demand remains soft.

Chart showing U.S. Gulf Coast LNG netback prices for a 12-month strip as of October 17, 2025, compiled by NGI. The table compares LNG futures settlements, estimated shipping costs, Gulf Coast netbacks, and Henry Hub differentials for destinations including Japan/Korea, NBP, and TTF. December 2025 netbacks range near $10.0-10.6/MMBtu, with average netback margins of around $6.8/MMBtu over Henry Hub. Data sourced from CSI, Fearnleys, and NGI calculations.

Expand

At A Glance:

Asian spot deals at a standstillEuropean LNG arrivals near 2025 highGlobal gas prices rangebound