Asia LNG

The loss of Qatari LNG supplies through the Strait of Hormuz has sharply raised costs for Asian emerging markets

The energy major expects demand to approach 700 million tonnes annually, supported by Asia's transition away from coal and rising electricity needs from data centres

Quick change in course reflects agility of trading firms in sending LNG supplies to Europe or Asia, whichever pays, as colder weather increases competition between the two regions for the fuel

There will also be delays in the upcoming LNG supply projects across the Americas, so Europe and Asia will have access to less LNG next year than originally expected, analyst at Goldman Sachs said

Asia is on track to import 23.18 million metric tons of LNG in June, down a touch from May's 23.55 million

India LNG Transport is a collaboration between the Indian shipping company and Japanese firms Mitsui OSK Lines Ltd., Nippon Yusen KK and Kawasaki Kisen Kaisha Ltd

The partnership will consolidate demand for natural gas in India over a period of 10 years, beginning in 2026

The spread between the Japan Korea Market, used as an Asian benchmark, and the Title Transfer Facility, the European gas benchmark, was assessed at $2.79 per million British thermal units on Wed

The spot price of LNG for Feb delivery to North Asia fell to $9.50 per million British thermal units