# S&P Global: If Hormuz risks persist, Asian LNG prices may rise to $30.

> S&P Global analyst Megan Jenkins said Asian LNG spot prices could average as high as $30/MMBtu in January and February if supply through the Strait of Hormuz remains tight after the new year. Prices could ease to around $20/MMBtu from March to May, or around $10/MMBtu in the low-demand season if Qatari supply recovers in January; the forecast average for October–December is about $26/MMBtu.

- Date: 2026-11-11 · published 2026-11-11T12:11:35.825Z
- Category: geopolitics · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/93426-s-and-p-global-if-hormuz-risks-persist-asian-lng-prices-may-rise-to-30
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Persistent disruption through Hormuz could restrict LNG availability and lift Asian spot prices, while restored Qatari supply and seasonal demand declines would ease the market. Higher LNG costs can feed through to broader energy and agricultural input expenses.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-05-25 | [LNG prices to stay elevated as Russia-Ukraine war bites: Woodside CEO \| S&P Global](https://feedsoft.ai/events/41575-lng-prices-to-stay-elevated-as-russia-ukraine-war-bites-woodside-ceo-s-and-p.md) | -2.8% | -27.7% |
| NATGAS | 2024-12-30 | [Global Natural Gas Prices Mixed as Market Tracks Tightening Supplies — LNG Recap](https://feedsoft.ai/events/27150-global-natural-gas-prices-mixed-as-market-tracks-tightening-supplies-lng-recap.md) | +20.6% | +7.4% |
| NATGAS | 2022-08-26 | [GLOBAL LNG-Asia LNG price hits record high ahead of Nord Stream outage](https://feedsoft.ai/events/40213-global-lng-asia-lng-price-hits-record-high-ahead-of-nord-stream-outage.md) | -1.1% | -27.9% |
| NATGAS | 2026-03-05 | [How the Iran war could create a ‘fertiliser shock’ – an often ignored global risk to food prices and farming](https://feedsoft.ai/events/6255-how-the-iran-war-could-create-a-fertiliser-shock-an-often-ignored-global-risk.md) | +9.9% | +0.3% |
| NATGAS | 2016-12-02 | [Global LNG prices hit 2016 high as OPEC agrees oil output cut](https://feedsoft.ai/events/73632-global-lng-prices-hit-2016-high-as-opec-agrees-oil-output-cut.md) | +8.1% | +10.1% |

## Sources

- gmteight.com: https://gmteight.com/flash/detail/1576164

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