Asia Pacific: Storage
Japan had strong levels of gas in stock at the start of spring, while South Korea’s stock levels were low.
Japan had around 6 bcm of gas in storage at the start of spring. This is roughly flat compared with the average for the start of April over the past three years. With approximately 2 bcm of gas in storage at the start of April, South Korea’s stock levels were around 34% below the average for the last three years. Storage levels had been low through much of the winter, and the country has struggled to rebuild its stocks. Further stock builds are expected, providing some support for additional levels of gas imports.