September 17, 2026 [Oil Price]- Asian LNG demand is projected to decline 3–10% in 2026, marking a second consecutive annual drop, as higher prices following QatarEnergy’s suspension of exports reduce consumption, particularly in Northeast Asia. Asian spot LNG prices reached $26/mmBtu in the week to September 11, up from $10.40 in late February. China is expected to account for much of the decline, with industrial users cutting consumption. September Asian LNG imports are forecast at 20.09 million tonnes, the lowest for the month since 2018. India’s demand is expected to remain relatively resilient, supported by household gas and fertilizer sectors.

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