Asia Faces LNG Shortfall as Middle East Supplies Wobble

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Source: The New York Times
Asia Faces LNG Shortfall as Middle East Supplies Wobble
Photo: The New York Times
TL;DR Summary

A looming cutoff of Middle East liquefied natural gas—driven by the Strait of Hormuz disruptions and strikes on Qatar’s LNG export complex—has Asian buyers scrambling for alternatives, boosting coal use and cutting gas consumption as about 28 million tons of LNG supply is wiped out this year, a tightening trend analysts say could last for years and delay a return to prewar levels.

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