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.

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.