Gas
Oxford study examines Strait of Hormuz crisis and Asian LNG
A recent analysis by the Oxford Institute for Energy Studies investigates how recent supply disruptions could reshape liquefied natural gas markets in Asia.
Key points
- The Oxford Institute for Energy Studies published a study on the Strait of Hormuz crisis.
- The disruption is the largest in international energy market history.
- Southeast Asia was previously expected to drive future liquefied natural gas demand growth.
- The analysis considers conditions required for liquefied natural gas to support energy security.
What happened
The Oxford Institute for Energy Studies has released a research paper examining the consequences of the Strait of Hormuz crisis on the Asian liquefied natural gas market, according to the institute's publication on 17 October 2026. The crisis resulted in what the study describes as the largest supply disruption in international energy market history.
Before the disruption, market participants anticipated that growing supplies, notably from the United States, would keep liquefied natural gas affordable. This expectation was expected to stimulate demand across emerging Asian economies and expand the fuel's share in the regional energy mix.
Why it matters
The research focuses particularly on Southeast Asia, previously identified as the primary engine for future demand growth. Policymakers and market stakeholders had positioned liquefied natural gas as a central component of regional energy transition and security frameworks.
The study evaluates how the historic supply shock alters these long-term projections. It outlines the specific conditions necessary for liquefied natural gas to maintain its intended role in the region's future energy planning.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
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 2024Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
