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PETRONAS's chief executive warned that high spot LNG prices are cutting Asian buyer demand and could oversupply the market once Strait of Hormuz flows return. JKM stood at $31.37/MMBtu on November 13, and TTF was at €86.73/MWh on November 12.
Demand destruction at high LNG prices can shift gas-to-power and fertilizer demand in Asia. A later oversupply would pull prices down, which affects energy input costs for feed producers.
energyreader.ioEnergyReader NewsroomNov 13, 2026After 260 past macro events, Natural Gas moved a median +0.4% over 5 sessions (52% higher; middle half -4.5% to +7.3%), and +1.4% 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.
