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The Economic Times

Top News / The Economic Times

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Asia cuts LNG buying, but $26 gas sends Europe shopping

Asia's liquefied natural gas imports are experiencing an eight-year low this September. High spot prices are causing buyers in China and South Asia to reduce their purchases. This situation allows Europe to secure more vital gas cargoes for winter storage needs. Qatar's reduced LNG shipments due to regional conflict have tightened the global market. Consequently, spot prices for the super-chilled fuel have reached multi-year highs.

17 Sep 2026 9:44 am