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Global LNG prices hit 3-year high amid West Asia disruption; India gas demand drops 15% in March Y-o-Y

Posted on May 5, 2026
By Financial Express
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1 min read

Global LNG prices hit 3-year high amid West Asia disruption; India gas demand drops 15% in March Y-o-Y

Spot LNG prices surge to $17–18/mmbtu in April 2026, briefly touching $22, as supply disruptions from Strait of Hormuz and Qatar trigger a sharp drop in India’s gas consumption.