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Southeast Asian LNG demand and global supply disruptions

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2026-09-27 01:43 UTC → 2026-09-28 15:04 UTC · added removed

Southeast Asian LNG demand and market volatility global supply disruptions

The demand for liquefied natural gas (LNG) is increasing in Southeast Asia, driven largely by the expansion of hyperscale data centers. Projections indicate that the region’s data center project portfolio could grow from 2.8 GW to 9.4 GW by 2035, necessitating a significant rise in electricity demand. Combined cycle gas turbines are currently considered the most viable technology to ensure the 24/7 reliability these centers require. Global natural gas markets are facing potential severe supply tightness disruptions. QatarEnergy has extended its force majeure on LNG deliveries to Asia and Europe through the upcoming summer, partly end of November due to ongoing disruptions in Gulf the Strait of Hormuz caused by conflict between the United States and Iran. Reports indicate that Iranian drone and missile attacks have damaged the Ras Laffan complex, reportedly paralyzing 17% of Qatar’s export capacity, or approximately 12.8 million tons annually. Consequently, Qatari LNG exports stemming from conflict in have plummeted by 96% year-over-year, with volumes transiting the Middle East. This scarcity has led Strait of Hormuz to Europe outbidding Asian markets Asia falling by 88%. To mitigate these losses, QatarEnergy is discussing the procurement of 2 to replenish storage, resulting 3 million tons of U.S. LNG per year. The United States is currently filling the supply gap, with its exports to Asia reaching record highs. Impacted buyers include state-owned entities in higher prices Pakistan and demand destruction. Bangladesh, as well as Italy’s Edison. Despite these market volatilities, supply risks and price volatility, Southeast Asian nations are proceeding with large-scale energy infrastructure expansions. Approximately expansions, with approximately 100 GW of new gas-fired power generation capacity is still under construction in the region, supported by 70 GW of planned LNG import capacity. The stability of these developments depends on the reliable availability and affordability of LNG, as well as the potential for domestic gas to serve as a fallback during supply constraints. construction.

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  1. 2026-09-28 15:04 UTC Southeast Asian LNG demand and global supply disruptions
  2. 2026-09-27 01:43 UTC Southeast Asian LNG demand and market volatility

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