Monthly LNG export prices in the U.S. 2022-2024

In August 2024, the monthly average LNG export price stood at 5.77 U.S. dollars per 1,000 cubic feet. This was a decrease compared to the previous month and notably lower than prices a year prior. In June 2022, a fire at the Freeport LNG export terminal impacted export capacities, pushing up prices in the months following. Natural gas prices and those for LNG specifically increased in the spring of 2022 following the Russia-Ukraine war as many European countries looked for suppliers outside Russia. The annual LNG export price from the United States stood at 7.57 U.S. dollars per 1,000 cubic feet in 2023.