Global gas pricing avoids repeat of 2022 shock as Asian demand response rebalances LNG markets

Global LNG flows chart showing 2026 volumes rising in January and February before falling sharply in March and April after Strait of Hormuz disruption

Global gas pricing has risen sharply following disruption to LNG trade flows through the Strait of Hormuz, but fuel switching, delayed procurement and softer demand across key Asian markets have helped prevent a repeat of the extreme market dislocation seen in 2022. Global gas pricing has repriced higher as disruption to LNG shipments through the Strait of Hormuz tightens supply […]

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