global market
According to OilPrice.com, at the end of the week, the world prices of natural gas reversed and slightly decreased by 1.24 % (equivalent to a drop of 0.041 USD) to 3,438 USD/MMBTU at the time of the survey.
The end of winter in the northern hemisphere has reduced heating demand, resulting in a temporary weakening of LNG consumption demand on key markets such as Europe and Asia. However, this decline does not mean a long -term trend, especially since geopolitical factors and commercial policies continue to stimulate LNG demand.
In Europe, although demand has decreased compared to last month, Imports from LNG from the United States has remained high. In March, the EU imported a record volume of 7.04 million tonnes of LNG from the United States, compared to 5.88 million tonnes in April, but still well above last year of 3.76 million tonnes/months. Since the beginning of 2025, the American LNG represents 55 % of the total LNG imports of Europe – a figure that President Trump can consider as a success in terms of foreign energy policy.
At the same time, Europe has reduced its total gas imports through “destruction of demand” – by reducing consumption through efficiency measures and industrial adjustments. However, Russian gas still represents a significant part of total imports, despite EU efforts to reduce its dependence. This suggests that the demand for LNG imported from the United States will continue to increase while Europe is preparing to source LNG for next winter.
In Asia, China suddenly ceased to import LNG from the United States, forcing American exporters to turn to other customers in the region. Fortunately, Japan and South Korea remain important customers, while India emerges as a potential destination, in part because it strives to reduce its trade surplus with the United States, in accordance with the Trump administration guidelines.
But the United States is faced with a serious bottleneck in its supply chain: new rules on port costs for ships built in China, announced by the American representative to trade Jamieson Greer, aimed at stimulating national naval construction. Meanwhile, most of the Lniers are today manufactured in China or South Korea, and the United States do not have co-midfs built locally and will not have enough capacity to build new ones before 2029. Maritime transport organizations such as the Baltic and International Maritime Council and the Pimco Investment Society have warned that this rule would increase transport costs and will disrupt exports of exports LNG.
-In fact, the worldwide naval construction industry is overloaded: the demand for Lniers has increased by 25 % in 2024, most orders being intended for South Korea (68 ships) and China (41 ships). American exporters could use long -term Korean ships, but in the short term, maritime transport will be assigned without adjustment of port policy.
This situation becomes even more urgent because LNG demand should soon increase again. Europe needs to store gas for winter and will continue to seek a complete replacement of Russian gas, whatever the cost. The temporary suspension of American LNG imports by China has created a temporary excess of American supply, helping to maintain low prices for Europe, but as other countries (such as India) increase their purchases to adapt to trade with the United States, LNG prices are likely to increase again-and not in a way that benefits European consumers.
Interior market
The retail prices of the gas on the internal market remained stable in May for the second consecutive month, following the world of world gas prices. More specifically, the retail price of the Petrolimex gas cylinders (including VAT) in May 2025 on the Hanoi market is 457,400 VND/12 kg domestic bottle; 1,829,600 VND/industrial reservoir of 48 kg, unchanged from the sale price of April 2025.
For the Eastern and West Southern Regions, Southern Gas Trading Joint Stock Company (Gas South) announced that the retail price in May remains the same as in April, applicable to the company’s gas brands, in particular: Gas Dau Khi, VT-Gas, A Gas and JP Gas. Consequently, the price of gas for consumers is 475,400 VND/12 kg bottle and 1,784,111 VND/45 kg bottle (TVA included).
A representative of Petrolimex Gas Corporation said that although the average price of global gas for May 2025 or 600 USD/ton, down USD/Tonted from April 2025, due to fluctuations in the exchange rate of the US dollar, Petrolimex Gas Corporation has made no price adjustment.
Source : https://baodaknong.vn/gas-price-hom-nay-4-5-thi-truong-the-gioi-dao-chieu-giam-nhe-251386.html
