Free Trial

Morgan Stanley Forecast LNG Glut

LNG

A building LNG glut will send prices to $6.50 per million British thermal unit in 2026 according to Morgan Stanley – around half the average of 2023.

  • The decrease will make the seaborne fuel the same price, or even cheaper, than domestically produced gas in some Asian countries, they said.
  • “Over the past three decades, domestic gas in Asia has always been considered cheaper than imported gas molecules or LNG. We see this notion being challenged.” Morgan Stanley analysts said.
  • Morgan Stanley expects Indian LNG demand to rise by around150% through 2030. Imports by Thailand, Singapore, Vietnam and Philippines will climb by 40% through 2026, it said.



Source: Morgan Stanley/Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.