Gas
Asian LNG Prices Surge Past $30 as Middle East Shipping Risks Escalate
CEII brief
OilPrice.com reported on 20 Oct 2026: Asian LNG Prices Surge Past $30 as Middle East Shipping Risks Escalate.
Read the full story on OilPrice.comLiquefied natural gas prices on the Asian spot market topped $30 per million British thermal units for the first time since December 2022, Bloomberg reported earlier today. The price jump follows a report about a strike on an LNG tanker in the Gulf of Aden, off the Yemeni coast.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
21.9% of electricity in the world came from gas in 2024Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
