{
  "id": 7955038,
  "title": "LNG gets hot for Asia at $26, but India keeps buying",
  "url": "https://urgent.news/2026/09/17/lng-gets-hot-for-asia-at-26-but-india-keeps-buying",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T04:47:00.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/energy/oil-gas/lng-gets-too-hot-for-asia-at-26-but-india-keeps-buying/articleshow/134301710.cms"
  },
  "original_language": "en",
  "account": "LNG prices have surged to a record $26 per million British thermal units (mmBtu), straining demand in Asia. However, India and Bangladesh have continued purchasing spot LNG cargoes, indicating resilient demand in South Asia. In India, domestic sectors like city gas distribution and fertilizers account for around 70% of total LNG imports. Bangladesh relies on gas for baseload power generation. Asian spot LNG prices have more than doubled since the US-Israel-Iran conflict began on February 28, reaching their highest level since December 2022. This price shock is particularly impacting Northeast Asia, with China expected to see demand fall by 6.1 million tonnes year-on-year. Higher fuel costs have forced Chinese industries to reduce output or shut plants. Japan and South Korea have also experienced lower gas demand due to milder temperatures. India's LNG market is facing price pressure, with some industries switching to other fuels, but demand remains price-sensitive. GAIL and PetroChina are sourcing alternative cargoes to replace Qatari and Emirati supplies. LNG prices are expected to rebound to around $19.30/mmBtu this year and $14.90/mmBtu in 2027 if Qatar resumes exports through the Strait of Hormuz and production increases.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}