Asian LNG demand set to fall again as Gulf supplies tighten
Asian LNG demand is expected to decline for a second consecutive year as the US-Israeli war on Iran curtails Gulf supplies, tightening availability and pushing prices to multi-year highs that reduce consumption.
Asian demand for liquefied natural gas is set to decline for a second consecutive year as the US-Israeli war on Iran curtails supplies from the Gulf. The tighter market is reducing availability and pushing prices to multi-year highs, which is cutting consumption. Analysts estimate Asian LNG demand to fall.