Regional LNG demand could pick up again when prices ease
Asian LNG demand sees ‘retracement’ not ‘destruction’
The impact of high prices should be only a temporary phenomenon
The LNG-to-power sector needs affordable LNG and flexible supply terms to thrive, panellists agreed at Petroleum Economist’s LNG to Power Forum Apac. But prices are likely to remain high and the market is increasingly reverting back to longer-term contracts. Nevertheless, the current strength of LNG prices is causing “demand retracement” in Asia, rather than “demand destruction”, says Ciaran Roe, global director for LNG at information provider S&P Global Commodity Insights, who suggests that regional LNG demand could pick up again when prices ease. But Roe also agrees that rebounding coal use in China and India is—at least temporarily—a threat to LNG demand, particularly as those two cou
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
