Asia Pacific: Storage

May 2016

Lower than average stock levels in South Korea at the end of winter could support demand for spot cargoes this summer.

South Korea had around 2 bcm of gas left in storage at the start of March, roughly 1 bcm lower than the early March average over the past three years. This will increase the need for imports over the summer, and potential requirements for spot cargoes. Japan had approximately 5.6 bcm of gas in stock in early March, which is close to the average over the past three years.