Asian LNG Prices Climb as Supply Continues to Tighten -- Market Talk

Dow Jones03-31

0025 GMT - Asian LNG futures are back above $20/mmbtu as global markets continue to tighten. "All up, global LNG markets now face a net disruption equivalent to 25‑26% of global LNG trade," CBA analyst Vivek Dhar says. The closure of the Strait of Hormuz is still the most sizable disruption, "effectively sidelining circa 20% of LNG trade," he says. "But attacks on Iran's South Pars gas field as well as an extended closure to Israel's Leviathan gas field has meant that gas pipeline flows from Iran to Turkey and Israel to Egypt have been sidelined too," says Dhar. Meanwhile, Chevron's Wheatstone gas facility in Australia has been damaged amid adverse weather. Production at Woodside's Karratha plant was also interrupted, but CBA assumes it will resume full output, Dhar says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

March 30, 2026 20:25 ET (00:25 GMT)

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