Japan and South Korea, two of Asia’s largest LNG consumers, increased coal-fired power generation in April and early May as disruptions linked to the Iran conflict constrained liquefied natural gas availability and lifted prices for Natural Gas. Power sector fuel-switching underscores the region’s sensitivity to supply shocks and highlights the ongoing tension between energy security, price stability, and decarbonization goals.
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Over the past month, benchmark Natural Gas prices have advanced about 10.5%, reflecting tighter fundamentals and heightened geopolitical risk premia. The 1-day technical picture currently points to a cautious Hold signal, suggesting traders are weighing elevated prices and volatility against still-fragile demand conditions in key Asian markets.
Investors can explore more updates, prices, and analysis across global markets at Commodities.