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Fast-growing Asian demand for cross-basin LNG cargoes has widened price spreads between the Japan Korea Marker (JKM) and the Dutch TTF for the July–September period. An uneven recovery in Hormuz carrier transits risks delaying a return to “normal” exports until October.
A worsening LNG and fuel supply crunch is hitting Asian economies, pushing up electricity prices, shipping and airfare costs. The United Nations Development Programme estimates that Middle East‑related disruptions could inflicting about $299 billion in economic losses on the Asia‑Pacific region, with around 8.8 million people are at risk of being pushed into poverty.
Peace plans rejected. In a positive development, having loaded at Ras Laffan, the LNGC, ‘Al Kharaitiyat’, transited the Strait of Hormuz bound for Port Qasim, Pakistan yesterday, the first of a planned series of shipments to ease the energy crisis affecting the country.
Asian spot LNG prices fell last week, after two weeks of gains, on the prospect of a US/Iran peace agreement and subdued northeast Asia demand.
Excelerate Energy has signed a firm nine-month timecharter with Jordan's National Electric Power Co to deploy the FSRU ’Excelerate Acadia’ at the country’s Aqaba LNG import terminal.
During the first quarter of 2026, the US’ largest LNG producer, Cheniere Energy generated revenues of around $5.9 bill, consolidated adjusted EBITDA of about $2.3 bill, distributable cash flow of around $1.7 bill, but reported a net loss of circa $3.5 bill.
Japan’s Tokyo Gas and Shizuoka Gas have signed a mid- to long-term contract under which, Tokyo Gas will supply five LNG cargoes annually to the smaller energy company, starting in 2027.
The Al Kharaitiyat LNG carrier, loaded at Qatar’s Ras Laffan terminal in early May, has left the Strait of Hormuz and is now en route to Pakistan, according to ship tracking data. Analysts reckon more cargoes may be able to get out.
Edison expects Qatari LNG supply will resume within 30-45 days after a peace deal, though initial deliveries would likely be just two-thirds of contracted supply, CEO Nicola Monti said.
Supermajors are redirecting capital towards LNG and other core oil & gas businesses, while retrenching from energy transition-related investment. Majors with large US LNG positions – notably Shell, BP and TotalEnergies – benefit from wider export margins and rising demand in 2026.
