Asia’s LNG prices to surpass $25 per Btu amidst war in Middle East

Meanwhile, crude oil prices will likely test the US$100-per-barrel mark.

Asia’s spot liquefied natural gas prices are likely to exceed US$25 per million British Thermal Units (Btu) as the conflict between the United States and Iran persists, according to an IEEJ report. 

Meanwhile, crude oil prices will likely test the US$100 per barrel mark.

Moreover, medium-to-long-term impacts include dependence on LNG from the Middle East being re-evaluated.

Buyers will likely become more cautious regarding over-dependence on long-term Middle Eastern contracts, prioritising geopolitical diversification.

Further, even after a de-escalation, high premiums may persist as insurers hike premiums to prohibitive levels.