Asia Pacific: Trade
Northeast Asian LNG imports will rise this winter – driven up by China and a bounce in import requirements in South Korea.
China’s LNG imports increased by 15% year on year in October. This is a relatively modest rate compared with recent months, but it still reflects robust increases in LNG flows. LNG imports will be crucial for China to meet its requirements over the coming months, particularly in the northeast where seasonal demand is already being boosted by a cold start to the winter. As demand rises it will outstrip supply growth, meaning the country will need more imports over the coming months. Spot cargoes make up a larger share of total LNG volumes in the northeast than they do in the south, and strong weather-related demand is expected to push up the number of additional spot imports into the region.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up