LNG demand in China, India and Pakistan is expected to recover if the end of hostilities between the United States and Iran eases the Middle East supply crunch and brings prices back toward normal levels. Disruptions to LNG exports from Qatar and the United Arab Emirates through the Strait of Hormuz pushed Asian spot prices from about $10 to nearly $30 per million British thermal units, suppressing consumption and prompting industries to switch to coal and oil. Executives from Shell, GAIL, Petronet LNG, Pakistan LNG and PetroChina International said demand remains intact but is highly sensitive to price. China could see gas-fired power demand recover at prices of $7 to $9 per million British thermal units, while India has restored supply to 90% to 95% by diversifying procurement. Executives said the timing of a broader recovery depends on the conflict, the normalization of Hormuz exports and the arrival of planned new LNG projects.