Asian LNG Trade Stalls in H1 2026, Spot Prices Ease to $15.35/MMBtu

Shell, Kpler, Oil & Gas Middle East · Jul 04, 2026 00:00

Global LNG trade is expected to stall in 2026 due to ongoing disruptions in the Strait of Hormuz, with Asian LNG imports declining by nearly 4% year-on-year in the first half of 2026 to 127.70 million tons. While spot prices peaked above $20/MMBtu during the crisis, they have recently eased to around $15.35/MMBtu, a near four-month low.