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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 surgeStronger 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 marketsIron-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
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...
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,...
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...
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 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...
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,...
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...
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...
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...
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....
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...
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...
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...
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...
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 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...
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...
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...
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...
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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