24.04.2026, 14:59
The European Union began to lose competition to Asia in the fight for an important type of fuel
Source: OREANDA-NEWS
OREANDA-NEWS Against the background of the acute fuel crisis, Asian countries began to win competition from European states in the fight for liquefied natural gas (LNG). This is reported by Bloomberg with reference to Kpler's forecast.
The blocking of the Strait of Hormuz has hit the fuel markets of the Asia-Pacific region the most. These states were heavily dependent on energy supplies through the most important logistics artery in the Middle East.
Against the background of import disruptions, Asian countries began to show increased interest in LNG shipments available on the global energy market. The European Union (EU) countries, which were also affected by the fuel crisis, ended up in a difficult situation.
By the end of April, the reduction in exports of liquefied natural gas to the European region, according to experts' expectations, may amount to about three percent year-on-year. This will be the first such drop since the beginning of 2025. This dynamic will be facilitated, among other things, by repair work at a number of terminals in Spain, Italy, Germany and Greece, which are among the key importers of LNG in the region.
The blocking of the Strait of Hormuz has hit the fuel markets of the Asia-Pacific region the most. These states were heavily dependent on energy supplies through the most important logistics artery in the Middle East.
Against the background of import disruptions, Asian countries began to show increased interest in LNG shipments available on the global energy market. The European Union (EU) countries, which were also affected by the fuel crisis, ended up in a difficult situation.
By the end of April, the reduction in exports of liquefied natural gas to the European region, according to experts' expectations, may amount to about three percent year-on-year. This will be the first such drop since the beginning of 2025. This dynamic will be facilitated, among other things, by repair work at a number of terminals in Spain, Italy, Germany and Greece, which are among the key importers of LNG in the region.
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