According to Tokyo Gas, how might a prolonged Iran war affect spot LNG prices and why?

According to Tokyo Gas executive Go Soga, the Middle East conflict has significantly tightened supplies on the spot liquefied natural gas (LNG) market, and the upward pressure on prices could persist if the war drags on. This is because geopolitical instability in key energy transit regions disrupts supply chains and reduces available spot LNG volumes, leading to sustained price support in the short to medium term.

What is Tokyo Gas's current LNG trading volume and its target for 2030?

Tokyo Gas reported that its LNG trading volume in fiscal 2025 — which ended in March — had already reached the high-4 million-ton range, and the company aims to expand this trading business into a growth driver by targeting an annual trading volume of 5 million metric tons by 2030.

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Tokyo Gas warns prolonged Middle East conflict may sustain high spot LNG prices amid tightened supplies. The utility reported a 65% drop in first-quarter net profit despite higher U.S. shale gas revenues boosting top-line sales.

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Prolonged Iran War Could Keep Spot LNG Prices High, Tokyo Gas Says

Prolonged Iran War Could Keep Spot LNG Prices High, Tokyo Gas Says

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