High LNG prices are expected to be temporary
High prices not halting Apac LNG import projects
Market challenges are temporary, panellists said at Petroleum Economist’s LNG to Power Forum Apac
High prices mean it is a challenging time for LNG import projects, “but everybody in the industry believes that what we are going through now is temporary”, Karthik Sathyamoorthy, president of LNG terminals and logistics at gas network developer AG&P, told Petroleum Economist’s LNG to Power Forum Apac event in Singapore in mid-May. "The challenge now is talking to clients and convincing them that, in the longer term, shifting to gas from liquid fuels might be the right decision, despite the current high price environment,” Sathyamoorthy admits, but he adds that the energy transition has changed and “elevated” that conversation. And high prices have not put a stop to new LNG terminal deve
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
