Asian LNG Prices Surge to $22/MMBtu on Hormuz Supply Disruptions

S&P Global, Forbes, IndexBox, ICIS, Trading Economics, Investing.com, Barchart.com · Jul 27, 2026 00:00

Asian spot LNG prices (JKM) are trading around $22.00/MMBtu as of July 27, 2026, having surged to their highest since late March due to renewed hostilities around the Strait of Hormuz. Disruptions to Persian Gulf supplies, particularly from Qatar and UAE, which account for 16% of global liquefaction, are intensifying competition for marginal cargoes in Asia.