While the outlook for consumption in the spring is weak, the potential for a hotter-than-average summer in Northeast Asia could result in strong seasonal demand during the peak summer months.
Hotter-than-average temperatures are forecast to dominate in Japan during the summer. The weather going into summer is also forecast to be warmer than average in South Korea. While underlying demand is expected to be weak, and offtake during the spring looks set to be moderate, above average temperatures during the summer will boost weather-related consumption and will support overall gas offtake, if the forecasts are correct.
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