Iran War Pushes Asia to Think Twice Before Doubling Down on LNG

A record wave of new liquefied natural gas supply was meant to usher in a prolonged period of lower prices. Governments from India to Southeast Asia crafted energy strategies that would allow them to use the surplus to move away from a heavy reliance on coal.

After seven weeks of war in the Middle East that have caused the world’s worst-ever energy crisis, those assumptions now look like distant, wishful thinking.