Asian LNG demand set for second annual decline as prices soar after Qatar force majeure

Analysts cited by Reuters project Asian LNG demand to fall 3-10% this year, marking a second consecutive annual decline, driven by price spikes following QatarEnergy's force majeure at Ras Laffan after Iranian strikes. Northeast Asia is absorbing most demand destruction, switching to coal. This signals sustained price sensitivity and potential supply tightness in global gas markets.