Asia LNG Buyers Prepare for Middle East War to Last Months

Asian buyers of liquefied natural gas are preparing for the war in the Middle East to disrupt deliveries for months, as a prolonged outage at the world’s largest export plant tightens supply and lifts prices.

Companies in Thailand are looking to buy LNG cargoes for delivery through May, according to traders with knowledge of the matter. Bangladesh bought shipments for April, and is considering procuring fuel for May onward as well, the traders said. Major buyers in Taiwan and South Korea are also preparing to purchase more supply for those two months, they said.