Petronas CEO warns of LNG market ‘bloodbath’ if prices rise further

Wednesday, 07 October 2026

Rising LNG prices risk destroying demand as markets are extremely tight, with EU gas storage at multi-year lows. If spot prices rise further this winter, they could erode long-term demand and trigger a 'bloodbath' in global market, Petronas CEO Tengku Muhammad Taufik warns.


Subscriber content
 

This content is available only to subscribers
please log in below or subscribe now / request a free trial
 
 
Rate this item
(0 votes)