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Asian LNG demand likely to fall again
Projections indicate that Asian demand for liquefied natural gas (LNG) will decline for the second consecutive year due to supply reductions from the Gulf region, resulting from escalating tensions in the US-Israeli conflict with Iran. This has led to record-high prices and a slowdown in consumption. Analyses forecast a decrease in demand ranging between 3% and 10% compared to 2025, with Northeast Asia bearing the brunt of this decline, due to its reliance on alternative energy sources such as coal and nuclear power. Additionally, rising prices have negatively impacted industrial sectors like ceramic and methanol manufacturing, forcing factories to close or cut production. Although demand is expected to recover in 2027, the current impact is intensified by supply disruptions in the Gulf and the suspension of Qatar, the largest LNG exporter, leading to prices reaching $26 per million British thermal units— the highest level since December 2022.
Notice: This Is an AI-Generated Summary
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