Yahoo Finance | EN590 Commodities
EN590 Commodities GroupNatural Gas / LNG 2026-06-02T20:00:00.000Z
India’s LNG imports are rising amid one of the most expensive Asian gas markets in years, defying the regional pattern of demand destruction that has pushed other buyers toward coal, nuclear and energy conservation. After Qatar shut down natural gas production on March 2 and the Strait of Hormuz closed almost simultaneously, Asialostroughly 5.5 million-6 million tonnes of LNG supply a month, equivalent to almost a quarter of regional pre-crisis export flows. Asian LNG imports fell to 18.8 million tonnes in April, the lowest since 2020, while JKM prices surged from a pre-crisis $10.4/MMBtu to $25.3/MMBtu by late March. South Korea cut LNG imports by 1 million tonnes per month between February and April, while Japan reduced purchases by 1.5 million tonnes per month. India, however, moved in
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