(March 12): Asian buyers of liquefied natural gas (LNG) are preparing for the war in the Middle East to disrupt deliveries for months, as a prolonged outage at the world’s largest export plant threatens tighter supply and higher prices. Companies in Thailand are looking to buy LNG cargoes for delivery through May, according to traders with knowledge of the matter. Major buyers in Taiwan and South Korea are also preparing to buy more supply for those two months, they said. The moves demonstrate that Asia’s importers aren’t relying on a swift resolution to the war with Iran, and that the outage in Qatar — which supplies 20% of the world’s LNG — is expected to be prolonged. Spot LNG prices in Asia are trading at about US$18 per million British thermal units, according to traders.

Source: The Edge Markets March 12, 2026 03:54 UTC