The last LNG price surge caused China and India to slow spot purchases
Rallying LNG prices put pressure on buyers
High prices are already having an impact on consumption in emerging markets and might soon affect demand from key importers
LNG prices are being supported by a “perfect storm” of factors, says Peter Lee, senior analyst at consultancy Fitch Solutions. And many in the sector expect the market to remain strong going into the northern hemisphere’s winter, particularly given the unusually low stock levels in Europe, although mild temperatures and/or a Covid resurgence could potentially undercut that support. Emerging LNG markets are typically more dependent on spot cargoes than long-term contracted volumes. Two such markets are Pakistan and Bangladesh, which have already cancelled LNG tenders due to the strength of the spot market, with prices as high as $20/mn Btu being quoted for Pakistan. “Aside from South A
Also in this section
18 November 2025
The oil powerhouse will not just join the top five crude exporters in the coming years, it may be a model for how petrostates balance growth, policy and sustainability
18 November 2025
In the second of this two-part series, we look at Shell’s refocusing on returns and the speculation surrounding a potential takeover of BP
18 November 2025
For the first time in its illustrious history, the WPC Energy Congress will convene in Saudi Arabia, bringing together leaders, innovators, and changemakers to chart “Pathways to an Energy Future for All.”
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
