Asia takes the hit as global LNG market absorbs Hormuz shock

Bar chart of year-on-year LNG imports by region (JKT, China, SA, SEA) with a dashed line showing China’s percent change over time (Jan 2023–Apr 2026).

The global LNG market is absorbing the shock caused by the Strait of Hormuz disruption, with Asia bearing the brunt through weaker LNG imports, fuel switching and demand destruction, while Europe remains exposed to storage refill risks ahead of winter. The global LNG market is adjusting to the disruption caused by the closure of the Strait of Hormuz, with Asia […]

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