Study on Different Impacts of LNG Market Shifts on ASEAN

This study analyses recent developments in the volatile global liquefied natural gas (LNG) markets, focusing on major regions. It examines price fluctuations, their underlying causes, and the evolving dynamics of gas supply and demand in Southeast Asia, particularly in relation to economic growth and the impacts of the global energy crisis. At the global level, the study explores multiple factors contributing to heightened price volatility. These include the European Union's substantial shift toward increased LNG imports, China's rapid expansion of its natural gas market, developments in India and neighbouring South Asian countries, short-term production outages and disruptions, and the rising supply of LNG from the United States. Finally, the study proposes actionable measures and recommendations to stabilise the LNG market within the Association of Southeast Asian Nations (ASEAN) and the broader Asian region. These recommendations address both price stability and supply–demand balance to ensure sustainable energy development.