In India, gas firms on Tuesday reduced supplies to companies in anticipation of tighter supply from the Middle East after Qatar halted production, Reuters reported. South Asia LNG supplyIn Bangladesh and Pakistan, industry officials likened the situation to the aftermath of Russia's 2022 invasion of Ukraine, when LNG prices spiked and supply was disrupted, causing prolonged power outages. Benchmark Asian LNG prices rose as much as nearly 40% on Monday, while benchmark European wholesale gas prices closed around 35% to 40% higher. Pakistan, which receives nearly all of its LNG from Qatar, plans to increase domestic natural gas production and reduce regasification rates at its terminals, industry officials said. Unlike other Asian countries, delivery delays could help Pakistan, where a LNG glut has forced local gas extraction companies to curtail output and drained its forex reserves.

Source: The Telegraph March 03, 2026 15:01 UTC