Asia Pacific: Storage
Both Japan and South Korea had strong levels of gas in storage at the end of the summer.
Japan had around 5.5 bcm of gas in storage at the start of September, which was 6% below the level seen at the same time in 2016 but broadly in line with the three-year average. Strong stock-building raised South Korea’s gas storage level during the summer. By the start of September, stocks were up by 29% compared with the average over the past three years. However, the cold snap that has hit much of Northeast Asia at the start of this winter could put early pressure on storage volumes.