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Asia

Asia is the world's largest and most populous continent, spanning from the eastern Mediterranean to the Pacific Ocean and from the Arctic to the Indian Ocean. The continent comprises 48 countries and is home to more than 4.7-billion people, representing about 60% of the global population. Asia's economy is characterised by extraordinary diversity, ranging from highly developed industrial nations such as Japan and South Korea to rapidly growing emerging markets including China and India, as well as developing economies across South-East Asia and Central Asia. Key economic sectors include manufacturing, electronics, automotive production, textiles, agriculture, technology and financial services. The continent is the world's largest producer and exporter of manufactured goods, with China serving as the global manufacturing hub and countries such as Japan, South Korea, Taiwan and India playing significant roles in automotive, electronics and technology production. Asia is rich in natural resources, including oil and gas in the Middle East and Central Asia, rare earths and minerals across various regions, and extensive agricultural output from rice paddies to palm oil plantations. Major regional economic blocs and institutions include the Association of South-East Asian Nations (Asean), the Asia-Pacific Economic Cooperation (Apec) forum and the Asian Development Bank. Prevailing development themes include rapid urbanisation, infrastructure expansion, the rise of the middle class, digital transformation and the transition towards cleaner energy, alongside challenges such as income inequality and environmental pressures. Asia's economic growth has been a defining feature of the late twentieth and early twenty-first centuries, with the continent increasingly driving global trade, investment and innovation.

Latest Articles in 60 Seconds

Hormuz disruption pushes Japan back toward coal

Japan sharply cut gas-fired power generation in June 2026, turning instead to coal, as disruption around the Strait of Hormuz tightened LNG supplies and pushed Asian spot prices about 70% above pre-war levels. Gas generation fell 16% year on year while coal generation rose 4.6%, and Japan's LNG imports for March to June are down about 7% on the same period last year.

US LNG cargoes swing towards Asia as prices surge

Stronger Asian prices diverted US LNG cargoes eastward in June, with Europe taking less than half of US exports for the first time since July 2024. The Asian benchmark JKM averaged $17.33 per mmBtu against Europe's $13.19, while Egypt imported a record 1.06-million tons, and shipments to Asia totalled 3.25-million tons of the 10.6-million-ton total.

Iron-ore demand and new pipeline plans target Asian markets

Iron-ore miners forecast a 650-million-tonne supply gap by 2035 as India's steel output is expected to double to 400-million tonnes, though green-steel investment of $20-billion remains under 4% of global capacity. Separately, Canada announced a new Alberta-to-Pacific-coast oil pipeline, targeted for 2027 construction, to boost exports to Asia as buyers seek supply outside the Middle East.

Asia Updates


A generic image of gold bars
First-half gold ETF flows remained positive – World Gold Council
8th July 2026 By: Lumkile Nkomfe

Industry body the World Gold Council reports that global investors have continued to reduce their exposure to physically backed gold exchange-traded funds (ETFs) in June, but inflows for the first... 


An image of oil and gas shipping in the Strait of Hormuz
Natural gas demand set for contraction this year, as tighter supply impacts prices – IEA
7th July 2026 By: Tasneem Bulbulia

The world’s gas consumption is forecast to drop for the third time in seven years, even as liquefied natural gas (LNG) supply from producers in other regions helps offset losses in the Middle East,... 


LNG vessel
Global LNG trade hit record in 2025, but Middle East conflict clouds outlook, IGU says
7th July 2026 By: Reuters

Global liquefied natural gas (LNG) trade hit a record last year as strong US exports and rising European imports offset weaker Asian purchases, the International Gas Union (IGU) said in a report on... 


Coal plant
Japan cuts gas in favour of coal as Hormuz disruption chokes LNG
3rd July 2026 By: Bloomberg

Japan sharply reduced natural gas-fired power generation last month, instead relying more on coal, as disruptions around the Strait of Hormuz tightened supplies of the cleaner-burning fuel. The... 


Canada Prime Minister Mark Carney
Canada, Alberta announce new west coast oil pipeline to boost exports
3rd July 2026 By: Reuters

Canada announced plans to build a new oil pipeline from Alberta to the Pacific coast, which would give the world's fourth-largest oil producer greater capacity to export to Asia and ease its... 


LNG vessels
US LNG exports to Europe decline as Asia prices surge, more goes to Africa
2nd July 2026 By: Reuters

For the first time in nearly two years, less than half of US (liquefied natural gas) LNG exports last month went to Europe as stronger prices in Asia and record imports by Egypt diverted cargoes,... 


Shell logo
Shell expects 65% rise in global LNG demand by 2050
30th June 2026 By: Reuters

Global liquefied natural gas (LNG) demand is expected to rise by around 65% by 2050, driven largely by Asia as countries seek lower-emission alternatives to coal and data centres boost power... 


Gold bar
Dubai exchange to launch same-day gold contract, targeting safe-haven flows
24th June 2026 By: Reuters

Dubai's commodities exchange will launch a same-day settlement gold contract on Monday, its CEO told Reuters, aiming to tap safe-haven demand and faster trading infrastructure to boost liquidity in... 


Critical minerals ore
Orion CMC in advanced discussions for three Asian partnerships
23rd June 2026 By: Reuters

Orion Critical Mineral Consortium (Orion CMC), a minerals investment group backed by the US government, is in advanced discussions to establish three new public-private partnerships in Asia as it... 


A lithium processing plant in Zimbabwe
Zimbabwe lithium miners ask for more time to build processing plants
19th June 2026 By: Reuters

Lithium miners in Zimbabwe have asked the government for more time to build processing facilities, ahead of a January 2027 ban on concentrate exports, an industry executive said on Thursday.... 


Steel
Iron-ore industry sees a bright future, but green steel fades - Reuters
18th June 2026 By: Reuters

The most persistently bullish part of the commodities sector in recent years has been metals associated with the energy transition, such as copper, lithium and rare earth elements. Iron-ore miners... 


Crude oil pouring from drilling rig well
Canada oil outages, bad weather to tighten inventories at key US storage hub 
12th June 2026 By: Reuters

Wet weather and a power outage at a major oil sands producer have contributed to crude export supply tightness out of Western Canada, which could tighten supplies to the key Cushing storage hub in... 


IEA executive director Fatih Birol
Countries prioritising domestic energy options amid ‘largest-ever energy security crisis’
12th June 2026 By: Terence Creamer

Countries are increasingly prioritising domestic energy resources as they seek to reduce their reliance on imported fuels in response to what the International Energy Agency (IEA)  is describing as... 


Avo farm
Agriculture sector achieves record quarterly trade surplus of $1.5bn
9th June 2026 By: Marleny Arnoldi

South Africa's agriculture sector recorded a trade surplus of $1.55-billion in the first quarter of this year, marking the highest first-quarter surplus in South Africa's agriculture trade history... 


IATA director-general Willie Walsh
Middle East crisis to hit airlines hard this year, but Africa will see the strongest demand growth
8th June 2026 By: Rebecca Campbell

Conflict in the Middle East was having a substantial effect on the airline industry, worldwide, the International Air Transport Association (IATA) has reported, in its latest financial outlook... 


BMW rolls out pilot studies on humanoid robot use in US, German plants; no deployment planned for SA
BMW rolls out pilot studies on humanoid robot use in US, German plants; no deployment planned for SA
8th June 2026 By: Irma Venter

BMW is rolling out a pilot project to deploy humanoid robots at its Leipzig plant, in Germany. This follows the completion of the first pilot deployment of humanoid robots at the BMW Spartanburg... 


Coal in rail wagons
United States' $800m coal support raises pollution concern
5th June 2026 By: Reuters

US President Donald Trump said on Thursday he is directing hundreds of millions of dollars to support US coal power plants and to ship the carbon-intensive fuel to Asia, with most of the funding... 


LNG tanker
LNG prices could go higher in significant volatility, Uniper executive says
4th June 2026 By: Reuters

Liquefied natural gas (LNG) prices could rise further in significant volatility than experienced so far during the Iran war if supply disruptions coalesce with hot weather in Asia and European... 


IEA executive director Fatih Birol
Countries prioritising domestic energy options amid ‘largest-ever energy security crisis’
28th May 2026 By: Terence Creamer

Countries are increasingly prioritising domestic energy resources as they seek to reduce their reliance on imported fuels in response to what the International Energy Agency (IEA)  is describing as... 


How a digital foundation can overcome the LNG trilemma
How a digital foundation can overcome the LNG trilemma
28th May 2026

By: Christophe Begat - Vice President for, Industry and Segment for Sub-Saharan Africa at Schneider Electric The global LNG (Liquefied Natural Gas) sector is entering an historic chapter with... 


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pqt: 0.084s - ct: 0.147s - 288pq - 2rq
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