financetom
Business
financetom
/
Business
/
LNG prices could go higher in significant volatility, Uniper executive says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
LNG prices could go higher in significant volatility, Uniper executive says
Jun 3, 2026 8:10 AM

LONDON, June 3 (Reuters) - Liquefied natural gas (LNG)

prices could rise further in significant volatility than

experienced so far during the Iran war if supply disruptions

coalesce with hot weather in Asia and European storage refill

needs, Uniper's chief executive for the Middle East, John Roper,

said on Wednesday.

The current supply disruptions have hit Asian countries

excluding China harder than Europe so far, and the consequences

will be felt until at least 2030 as the closure of the Strait of

Hormuz and damage to facilities took most of the LNG supply

growth from 2025-2026 off the market, Roper said.

However, new projects due to come online in 2027-2028 will

in the medium term provide a more balanced market despite the

short-term problems gas markets are facing, Roper told the S&P

Global Energy Middle East Petroleum and Gas Conference in

London.

Asian LNG prices have rallied 75% from their pre-war level

and are now at $18.20 per mmBtu, LSEG data show. Prices rose in

March to their highest level since Dec 2022, hitting $25.30,

after Iran hit Qatar LNG Ras Laffan facility.

But that is a long way from their record high of $70.50 per

mmBtu in August 2022 after Russia's full-scale invasion of

Ukraine earlier that year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ExxonMobil buys naphtha as China petchem complex enters test runs, sources say
ExxonMobil buys naphtha as China petchem complex enters test runs, sources say
Feb 28, 2025
* ExxonMobil's ( XOM ) new plant to boost Asian naphtha demand * Complex produces high-end petrochemical products in China * Commercial operations expected in second quarter, sources say * The plant also uses LPG as feedstock, sources say By Trixie Yap and Chen Aizhu SINGAPORE, Feb 28 (Reuters) - ExxonMobil ( XOM ) has purchased several shipments of naphtha...
BRIEF-Couche-Tard Sets Up Japan Entity Eyeing Seven & i Takeover Deal - Nikkei Asia
BRIEF-Couche-Tard Sets Up Japan Entity Eyeing Seven & i Takeover Deal - Nikkei Asia
Feb 28, 2025
Feb 28 (Reuters) - * COUCHE-TARD SETS UP JAPAN ENTITY EYEING SEVEN & I TAKEOVER DEAL - NIKKEI ASIA Source text: https://tinyurl.com/bdm8phht Further company coverage: ...
China mandates regulatory approvals for autonomous driving software upgrades
China mandates regulatory approvals for autonomous driving software upgrades
Feb 28, 2025
BEIJING, Feb 28 (Reuters) - Autonomous driving-related over-the-air software upgrades will be subject to regulatory approvals, China's industry ministry said on Friday, part of new regulations aimed at preventing automakers using them to conceal defects or avoid liability. Electric vehicle makers including Tesla and Xiaomi ( XIACF ) have used OTA upgrades to fix software bugs. Such upgrades are called...
China mandates regulatory approvals for autonomous driving software upgrades
China mandates regulatory approvals for autonomous driving software upgrades
Feb 28, 2025
BEIJING (Reuters) - Autonomous driving-related over-the-air software upgrades will be subject to regulatory approvals, China's industry ministry said on Friday, part of new regulations aimed at preventing automakers using them to conceal defects or avoid liability. Electric vehicle makers including Tesla and Xiaomi ( XIACF ) have used OTA upgrades to fix software bugs. Such upgrades are called product recalls...
Copyright 2023-2026 - www.financetom.com All Rights Reserved