Asia's LNG latecomers should rethink their plans

Spot-market supplies set to remain tight and prices high

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20230808 LNG Vietnam

Vietnam received its first LNG imports this year, but without long-term contracts, it is fully exposed to spot market volatility. (Handout via Reuters)

Vandana Hari is founder of Vanda Insights, a Singapore-based global energy market intelligence provider.

Global gas markets have cooled considerably from the turmoil last year touched off by Russia's choking off of pipeline exports to Europe and the continent's subsequent drawing in of cargoes from other suppliers at record-high prices.

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