What factors could drive LNG prices higher amid current volatility, according to Uniper's John Roper?

According to Uniper's chief executive for the Middle East, John Roper, LNG prices could rise further in significant volatility if supply disruptions coalesce with hot weather in Asia and European storage refill needs. He emphasized that the current supply disruptions have disproportionately affected Asian countries excluding China more than Europe, and their consequences will persist until at least 2030 due to the closure of the Strait of Hormuz and damage to facilities, which removed most of the expected LNG supply growth for 2025–2026 from the market.

What is the current state of Asian LNG prices, and how do they compare to recent historical highs?

Asian LNG prices have rallied 75% from their pre-war level and are now at $18.20 per mmBtu, according to LSEG data; they rose in March to their highest level since December 2022, hitting $25.30 per mmBtu after Iran struck Qatar’s LNG Ras Laffan facility — though this remains far below the record high of $70.50 per mmBtu in August 2022 following Russia’s full-scale invasion of Ukraine.

LNG prices could go higher in significant volatility, Uniper executive says

Jun 3, 2026

Uniper executive warns LNG prices may rise further due to Iran-related supply disruptions, with Asian prices up 75% to $18.20/mmBtu, though new projects in 2027-2028 could stabilize the market long-term.

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LNG prices could go higher in significant volatility, Uniper executive says