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Asian LNG Demand Falls for Second Year Amid Qatari Supply Disruption and High Prices

Asia-Pacific · Market_dynamics|operations|geopolitics · Jul 13, 2026

Asian LNG demand is projected to decline for a second consecutive year in 2026, driven by elevated spot prices, disruptions to Qatari supply due to Middle East conflict, and accelerated fuel switching by buyers. This trend reshapes global LNG market dynamics and tests the resilience of Asian importers.