Middle East conflict has knocked out 10 Mt of LNG supply to Asia, forcing a 70 Mt surge in coal demand in 2026 and pushing Newcastle prices toward $125/tonne.

Middle East conflict has knocked out 10 Mt of LNG supply to Asia, forcing a 70 Mt surge in coal demand in 2026 and pushing Newcastle prices toward $125/tonne.

Asian LNG prices could rise more than 30% in the second half of 2026 as stronger Asian demand and European storage refilling tighten global gas markets.