According to OilPrice, the Japan-Korea Marker, Asia’s liquefied natural gas (LNG) benchmark, topped $31 per million British thermal units this month and briefly rose above $33, compared with a little over $9 in January.

The International Energy Agency (IEA) estimated that the war between the United States, Israel and Iran cost the world some 60 billion cubic meters of LNG supply in the eight months to October. QatarEnergy has signed two long-term deals to buy US gas, 4 million tons a year from Cheniere Energy and 3 million tons a year from Woodside Energy, which will make it the biggest foreign buyer of US liquefied gas, according to Reuters. Global gas consumption fell 1%, or 35 billion cubic meters, in the first nine months of the year.