Insights
LNG Perspectives
Analysis and commentary on LNG markets, infrastructure, and energy policy — written by practitioners, not analysts.
Asia's LNG Infrastructure Pipeline in 2026: The Projects That Will Define the Next Decade of Regional Supply
From Bangladesh's FSRU expansion to India's new regasification terminals, from Malaysia's Pengerang hub ambitions to Vietnam's second terminal, Asia's LNG infrastructure project pipeline in 2026 is the deepest it has ever been. Most of these projects will not proceed on their announced schedules. Here is an honest assessment of which ones will.
JKM Pricing in 2026: How Asian Sovereign Buyers Can Stop Being Price Takers
The Japan-Korea Marker benchmark sets the reference price for Asian LNG spot markets. Most sovereign buyers in Asia treat JKM as an exogenous variable — something that happens to them. The buyers with the most sophisticated supply strategies treat JKM as information, not constraint. Here is the difference.
LNG Market Outlook 2026: The Supply Glut That Never Came and the Demand Growth Nobody Fully Priced
Entering 2026, global LNG markets are tighter than many analysts forecast two years ago. New supply is arriving but demand is absorbing it faster than expected. This is the outlook that sovereign buyers and infrastructure developers in Asia need to plan around.
Global LNG in 2025: The Year That Reset Expectations on Both Sides
2025 was the year the LNG market stopped being a crisis and became a market again. Record US production, Qatari expansion milestones, Asian demand growth that outpaced forecasts, and a European supply structure that has fundamentally shifted. Here is the full picture.
The LNG Spot Market in Southeast Asia: Structure, Risk, and Where Opportunity Actually Lives
Southeast Asia's LNG import appetite is growing faster than its long-term contracting infrastructure. Understanding the spot market's mechanics is no longer optional for regional buyers.
LNG Winter 2025–2026: The Demand Picture, The Supply Constraints, and What Buyers Should Have Done Already
European storage is filling. Northeast Asian utilities are completing their winter procurement. The pre-winter LNG market in October 2025 reflects a fundamentals balance that is tighter than headline supply growth numbers suggest. Here is what sovereign buyers and project developers need to understand before the heating season peaks.
Why FSRU Deployments Fail: The Gap Between Feasibility and Execution
Floating regasification terminals have a 15-year track record in emerging markets. Most project failures trace back to the same three execution gaps — and none of them are technical.
America's LNG Surge: What the US Export Expansion Means for Asian Buyers in 2025 and Beyond
The United States is now the world's largest LNG exporter. New capacity from Plaquemines and Corpus Christi Stage 3 is entering service through 2025. For Asian sovereign buyers, the implications run deeper than additional spot availability — they reshape who holds leverage in the next contracting cycle.
PETRONAS LNG: How Malaysia's National Champion Is Navigating a Market It Helped Build
PETRONAS built the global LNG market alongside Japanese utilities in the 1970s. Fifty years on, the company is managing a more complex position: legacy exporter, active trader, domestic gas importer, and regional infrastructure investor. Understanding PETRONAS's LNG strategy is essential for anyone operating in the Asian gas market.
Southeast Asia's LNG Import Infrastructure Race: Who's Building, Who's Stalling, and Why It Matters
Vietnam, the Philippines, Thailand, and Indonesia are all advancing LNG import terminal projects in parallel. The infrastructure buildout is uneven, and the gap between countries with functioning import capacity and those still developing it will shape regional energy security for a decade.
The New LNG Contracting Landscape: Why Asian Sovereign Buyers Are Rethinking Their Strategy
The era of simple, destination-restricted, oil-indexed 20-year LNG contracts is ending. Asian sovereign buyers are navigating a more complex menu of contract structures, and the choices made in 2025 will define supply security for a generation.
LNG Market Q1 2025: What Sovereign Buyers in Asia and Europe Need to Know
Global LNG markets entered 2025 with tighter supply fundamentals, European buyers still competing aggressively for Atlantic basin cargoes, and Southeast Asian importers navigating a new contracting cycle. Here is what the first quarter established.