Asian LNG Prices Surge to 4-Month High on Hormuz Disruptions

Business Times News, The Edge Singapore, MENAFN · Jul 16, 2026 00:00

Asian spot LNG prices, benchmarked by the Japan-Korea Marker (JKM), soared to $19.93 per million British thermal units (MMBtu) on July 16, 2026, a nearly 20% jump in a single day. This surge, reaching the highest level since late March, is driven by renewed hostilities and a naval blockade in the Strait of Hormuz, severely disrupting LNG shipments from the Persian Gulf.