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الاقتصادية - CNN

المصدر: الاقتصادية

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LNG Prices Are Forcing Asia to Redraw Its Consumption Map

LNG Prices Are Forcing Asia to Redraw Its Consumption Map

The patterns of Liquefied Natural Gas (LNG) consumption in Asia have changed due to rising prices and declining supplies. The Iranian conflict and the closure of the Strait of Hormuz have delayed the market’s return to the expected equilibrium, leading to a persistent shortage that could last until 2029. Demand has been significantly affected, especially in China, which is expected to experience a structural decline—from 66.4 million tons in 2025 to 62.4 million tons in 2026—along with a decrease in the utilization rate of regasification facilities to 29% of their capacity. In South Asia, countries faced immense pressure on consumption due to high prices, prompting some to turn to alternatives like propane and fuel oil. Conversely, Southeast Asia is forecasted to continue seeing growth in LNG demand between 2025 and 2028, driven by increased electricity demand and the energy transition away from coal and diesel. Overall, the market is currently in a state of scarcity and tension, with demand expected to return to higher levels after 2026. However, this depends on the resolution of market disruptions and stabilization of supply prices.

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