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
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
