Energy
China’s bargain purchases of sanctioned Russian fuel put pressure on spot market
Natural gas is a major fuel for power generation in Japan, and LNG price trends influence electricity rates. (Photo by Tomoki Mera)
MISA HAMA
January 15, 2026 03:23 JST
TOKYO — Despite winter heating demand, Asian market prices for liquefied natural gas have dropped roughly 30% on the year to their lowest since April 2024 amid record global exports as well as shrinking demand.