Asia Pacific gas & LNG: 5 things to look for in 2026
Predictions for the year ahead
1 minute read
Raghav Mathur
Principal Research Analyst, Gas & LNG
Raghav Mathur
Principal Research Analyst, Gas & LNG
Raghav Mathur leads the South Asia, gas and LNG research at Wood Mackenzie
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Asia Pacific gas & LNG: 5 things to look for in 2025
Daniel Toleman
Research Director, Global LNG
Daniel Toleman
Research Director, Global LNG
Daniel's expertise covers global LNG markets, asset analysis, project economics, contracting and corporate analysis.
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Asia Pacific gas & LNG: 5 things to look for in 2025
Miaoru Huang
Research Director, Asia Pacific Gas and LNG
Miaoru Huang
Research Director, Asia Pacific Gas and LNG
Miaoru leads our Northeast Asia gas research.
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Maoping Hu
Senior Research Analyst, Gas & LNG
Maoping Hu
Senior Research Analyst, Gas & LNG
Maoping specialises in the global short-term LNG market.
View Maoping Hu's full profileThe year 2025 marked the onset of a new wave of LNG supply growth, with nearly 23 Mt of supply additions. However, despite robust supply, regional spot prices remained elevated enough to curtail buying from China and emerging Asian markets.
The coming year will see the global gas market transition from tightness to increased supply abundance, reshaping dynamics across Asian LNG markets.
Powered by Wood Mackenzie Lens Gas & LNG, we examine five defining themes for 2026:
- Supply surge: Will Northeast Asia finally see the relief needed to stimulate demand?
- China's reversal: after a 10 Mt import decline, can softer prices unlock 5.5 Mt of demand growth?
- Emerging market opportunity in Asia
- Indonesia's Kutei moment: Eni targets FID on Northern Hub projects. Who will be the partner of choice in the anticipated US$1 billion farm-down?
- Contracting resilience
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