Asian spot LNG prices are on the rise once again, prompting fear that another spike will happen sooner than later.

Our recent Energy Intelligence Forum revealed unique circumstances driving this year’s chaotic gas and LNG markets, along with warnings about transition management, resilience in the energy system and investment needs. This year’s volatility should prompt movement to the relative security of term volumes, but oil market upside is a concern, while other options may beckon. Supportive market conditions could encourage LNG-oriented M&A as well, but longer-term demand and climate risks continue to loom.