# Asian LNG Near $31.57/MMBtu Sharpens PETRONAS Chief's Demand-Destruction Warning

> Asian spot LNG stood at $31.57/MMBtu on the JKM front-month contract on November 6, far above the reported US Henry Hub price of $2.94/MMBtu. PETRONAS’s chief has warned that surging LNG prices could destroy demand, while the article links high prices to Middle East supply disruption and cites weaker recent LNG demand in China and India.

- Date: 2026-11-06 · published 2026-11-06T06:08:30.444Z
- Category: geopolitics · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/83388-asian-lng-near-31-57-mmbtu-sharpens-petronas-chief-s-demand-destruction-warning
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Disrupted supply supports high Asian LNG prices, but sustained high costs could curb import demand and limit further price gains. Potentially stronger Japanese import demand may also shape competition for available LNG.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-07-29 | [European Natural Gas, Asian LNG Prices Soar on NS1 Supply Cuts](https://feedsoft.ai/events/40665-european-natural-gas-asian-lng-prices-soar-on-ns1-supply-cuts.md) | -2.1% | +11.7% |
| NATGAS | 2026-03-03 | [Global oil and gas prices soar as Iran crisis disrupts shipping, production \| Reuters](https://feedsoft.ai/events/8777-global-oil-and-gas-prices-soar-as-iran-crisis-disrupts-shipping-production.md) | +7.0% | -3.1% |
| NATGAS | 2026-03-02 | [Why QatarEnergy’s LNG production halt could shake up global gas markets \| Explainer News \| Al Jazeera](https://feedsoft.ai/events/20369-why-qatarenergy-s-lng-production-halt-could-shake-up-global-gas-markets.md) | +7.5% | +4.0% |
| NATGAS | 2026-04-01 | [Asia LNG Imports Drop Most Since 2022 as Iran War Upends Supply - Bloomberg](https://feedsoft.ai/events/19911-asia-lng-imports-drop-most-since-2022-as-iran-war-upends-supply-bloomberg.md) | -4.5% | -9.0% |
| NATGAS | 2026-04-24 | [Middle East crisis disrupts international natural gas markets and delays global LNG supply wave - IEA](https://feedsoft.ai/events/19907-middle-east-crisis-disrupts-international-natural-gas-markets-and-delays-global.md) | +2.7% | +17.0% |

## Sources

- energyreader.io: https://energyreader.io/brief/18288

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.