"The key advantage is that PetChem purchases its gas feedstocks from sources within Malaysia, and does not rely on gas sourced from the Middle East. Naphtha, a key petrochemical feedstock, has surged 26%, while spot LNG prices have "risen more than 50%". The situation has been further compounded by Iranian drone attacks on a Saudi refinery and Qatar's LNG production facility. "Also, a Saudi refinery and Qatar’s LNG production facility were attacked by Iranian drones. Meanwhile, naphtha has surged 26%, and spot LNG prices have risen more than 50%, with both naphtha and LNG serving as key petrochemical feedstocks.

Source: The Edge Markets March 06, 2026 02:19 UTC