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Asian LNG imports fell 8.6% year on year in March to about 20.6 million tons, the largest drop since December 2022. The decline followed the Middle East conflict choking supply and pushing prices higher.
Lower Asian LNG demand reflects supply-driven rationing rather than weaker energy demand, and high prices raise gas-linked input costs across the region.
After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.