Gas stock levels are likely to be hit by the cold start to the winter in Northeast Asia.
Severe cold has already hit key regional markets in Northeast Asia and drawdowns on stocks in Japan and South Korea are expected to be strong in January. Both countries entered the winter with stocks below average for recent years, with levels in South Korea particularly low. This supported strong purchasing on the spot market to help rebuild storage volumes in the run-up to winter. Requirements for additional cargoes have resulted in spot LNG purchases in both countries.
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