
Fitch Ratings expects Asia-Pacific gas utilities' profitability to stay under pressure in 2026-27 from high LNG prices and supply disruptions after the Iran conflict. Chinese utilities face limited pressure due to low spot LNG exposure.
Sustained high LNG prices squeeze LNG-importing utilities and can reduce gas demand for industrial and fertilizer use in Asia, a modest bearish effect on energy-linked feed costs.
After 37 past neutral macro events, Natural Gas moved a median -0.1% over 5 sessions (49% higher; middle half -4.2% to +12.9%), and -1.1% 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.