The global liquefied natural gas (LNG) market is experiencing a significant shift back to Asia, sparked by a notable drop in prices that has prompted a surge in purchases from emerging nations. In March, shipments to Asia reached approximately 24 million tons, marking a remarkable 12% increase from the previous year and setting a new record for the month. These findings stem from ship-tracking data provided by Kpler, a renowned data intelligence company. The upsurge in shipments was primarily driven by importers in key Asian markets such as China, India, and Thailand. The substantial increase in LNG imports to Asia underscores the impact of the price dip, reflecting a notable shift in global trade dynamics within the energy sector.