Asia

GAS PRICES ON THE RISEGenerally, Asia is even more heavily reliant on the Middle East’s LNG supplies. In 2025, almost 90 per cent of the total volumes exported via the Strait of Hormuz was destined for the Asian market.Together with South Asia, Southeast Asia is the fastest-growing region in terms of natural gas demand.An inability to secure LNG imports in the short term could primarily affect the power generation sector of several countries and the region’s long-term plans in developing natural gas-based economies, said Purwanto.Even if the Strait of Hormuz opens, Rystad Energy’s Pang expects that it could take up…

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