Morgan Stanley Sees Asian LNG Prices Soaring to 3.5-Year High

Asia’s benchmark LNG prices are set to jump to the highest level in three and a half years in the second half of 2026 as demand is rising amid high electricity summer demand and the EU needs to refill depleted gas storage sites, Morgan Stanley analysts reckon.

The Asian LNG price is expected to increase to $25 per million British thermal units (MMBtu) in the third and fourth quarters of 2026, Morgan Stanley said in a note carried by Bloomberg.