Asian LNG Demand Forecast to Decline for Second Consecutive Year

World Pipelines (Wood Mackenzie) · Jul 14, 2026 00:00

Wood Mackenzie forecasts Asia Pacific LNG demand to fall to 257 million tons in 2026, down from 268 million tons in 2025, marking a second consecutive annual decline. This reduction is attributed to tightened global supply from Middle East conflicts and elevated spot prices, forcing buyers to cut volumes or switch fuels.