LNG Demand in China and India Could Surge When Prices Normalize

Depressed LNG demand in recent months in China and India is the result of spiking LNG prices due to the Middle East conflict, and consumption in the key Asian gas import markets is set to rebound once the war ends and prices normalize, industry executives say. The war in Iran and the closure of the Strait of Hormuz have choked LNG supply out of Qatar and the United Arab Emirates (UAE). Persian Gulf producers have managed to find workarounds for oil deliveries, including shuttle-shipping crude out of the Strait and then transferring the cargo…