Asia LNG prices triple as Iran war, AI demand tighten global gas supply

Asian LNG spot prices have tripled since January, with the JKM benchmark briefly exceeding $33/mmBtu, driven by an Iran war and surging AI-driven power demand. QatarEnergy extended force majeure on exports, while the US exports record volumes, but supply remains tight. The race between Asia and Europe for limited cargoes signals sustained high prices and potential energy security risks.

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