# High LNG prices, supply disruptions to pressure Asia-Pacific gas utilities' margins in 2026-27: Fitch

> 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.

- Date: 2026-11-12 · published 2026-11-13T00:11:00.661Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/96632-high-lng-prices-supply-disruptions-to-pressure-asia-pacific-gas-utilities
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2024-03-28 | [US gas prices to be increasingly linked to international markets through LNG](https://feedsoft.ai/events/31397-us-gas-prices-to-be-increasingly-linked-to-international-markets-through-lng.md) | +13.4% | -1.3% |
| NATGAS | 2024-04-26 | [Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices](https://feedsoft.ai/events/30924-equinor-expects-asia-lng-competition-to-drive-european-natural-gas-prices.md) | +18.9% | +71.3% |
| NATGAS | 2023-04-24 | [Volatility Still Lurking in Global Natural Gas Markets Despite Easing Prices](https://feedsoft.ai/events/36593-volatility-still-lurking-in-global-natural-gas-markets-despite-easing-prices.md) | +5.5% | +11.7% |
| NATGAS | 2023-11-07 | [Europe's record gas stocks start to pressure prices \| Reuters](https://feedsoft.ai/events/6392-europe-s-record-gas-stocks-start-to-pressure-prices-reuters.md) | -2.9% | -11.9% |
| NATGAS | 2020-07-30 | [Analysis: First Chinese gas contracts linked to international LNG prices signal oil-gas decoupling continues \| S&P Global](https://feedsoft.ai/events/52294-analysis-first-chinese-gas-contracts-linked-to-international-lng-prices-signal.md) | +22.0% | +37.5% |

## Sources

- chinimandi.com: https://www.chinimandi.com/high-lng-prices-supply-disruptions-to-pressure-asia-pacific-gas-utilities-margins-in-2026-27-fitch/

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