The disruption has pushed Asian spot LNG prices to their highest level since 2022, with the potential for further gains as winter approaches.
Mitsui OSK Lines, a top Japanese shipping firm, doesn’t expect LNG shipments through the Strait of Hormuz to resume soon, signaling a prolonged disruption that could keep prices elevated and curb demand across Asia. The disruption has pushed Asian spot LNG prices to their highest level since 2022, with the potential for further gains as winter approaches and heating demand rises. The price surge is already prompting many buyers in Asia to scale back purchases, Hashimoto said.
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