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LNG demand in Pakistan, China and India expected to rebound after US-Iran war ends
BANGKOK: LNG demand from Pakistan, China and India is likely to rebound from multi-year lows once the Middle East supply crunch ends and new supplies emerge, industry executives say, reversing a pick-up in coal and oil to replace gas during the U.S.-Iran war. The conflict has prevented Qatar and the United Arab Emirates from exporting most of their LNG via the Strait of Hormuz, through which a fifth of global supplies used to pass, driving up prices. Shell, the world’s biggest LNG trader, estimates the world has lost about 36 million tons of LNG from the Middle East so far this year, President...
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