Mining Updates(@Lystopad)'s insights

The gas market in Asia: the calm before the storm in the Hor

Mining Updates · 2026-03-05T06:44:44.000Z

The gas market in Asia: the calm before the storm in the Hormuz Strait. Prices for liquefied natural gas (LNG) in Asia have started to retreat from recent record highs. The market has entered a wait-and-see mode, hoping for a diplomatic resolution to the crisis in the Hormuz Strait. Any delays of tankers in this narrow passage create critical risks for supplies from Qatar and the UAE, causing major importers like Japan and South Korea to nervously monitor the negotiations. Currently, quotes have stabilized as traders have factored in some geopolitical risks into the pricing. However, unlocking the strait is the only scenario that guarantees avoiding a shortage. If diplomacy fails, Asia faces a new wave of price records. #MiningUpdates 🗳️ Survey: Energy security in Asia. 1. Do you believe that the Hormuz Strait can be unlocked without military intervention? ✅ Yes, diplomacy will prevail ⚠️ The situation has gone too far, conflict is inevitable ⚓ The strait will be partially blocked for a long time