An LNG tanker passing boats along the coast of Singapore
Emerging markets to bolster Asian LNG demand
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust
Asian spot LNG prices are trending at their highest level since January, sapping some interest from price-sensitive buyers in the region’s emerging markets after they took advantage of lower costs in the first quarter of 2024. But the LNG outlook for this year for the fast-growing markets of South Asia and Southeast Asia remains firm, as rising demand is underpinned by electricity generation needs. Asian spot LNG prices for delivery in June averaged $10.5/m Btu for the week ending 21 April compared with a year-to-date low of $8.30/m Btu in early March. Prices fluctuated at $8–9/m Btu from February to March, which helped unlock Asian demand. Accordingly, spot LNG imports by regional buyers in
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
