Insight
The new swing market: Asia LNG demand response to high prices
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The centre of global LNG demand growth has shifted from Asia to Europe following Russia’s invasion of Ukraine. Asian LNG demand has fallen 7% year-to-date in the face of surging European demand and soaring TTF prices. Buyers across Asia have been forced to secure LNG spot cargoes at record prices. In emerging Asia, this has led to soaring gas and electricity prices, rising subsidy bills, rolling power blackouts and curtailments to industrial users. With winter coming and continued uncertainty over the future of Russian piped gas flows into Europe, the risk to LNG demand in Asia remains acute. And further demand response may be needed through the first half of this decade until new LNG supply eases the market from 2026. Further demand reduction is almost certain in Asia. But where in Asia is demand destruction at greatest risk?
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
A Structural Deficit Drives Colombia's Pivot: From Onshore Producer to Coastal Importer
Is Colombia’s natural gas at a turning point? Rising demand, falling domestic output, and growing offshore expectations
$950
Insight
New Zealand gas shortage sparks policy U-turn and LNG import plans
New Zealand faces gas shortage due to declining production. Government lifted offshore exploration ban and initiated LNG import process.
$950
Insight
At what price is LNG affordable in Asia?
Assessing LNG price affordability across four key Asian markets
$950
