Asia Pacific: Trade
China’s increasing need for LNG imports has helped to boost spot cargo demand before the peak winter demand period.
Cold weather has already hit much of Northeast Asia, and heating-related gas use is set to be high as temperatures are forecast to be below normal in much of the region through the end of December. This is expected to push up the region’s gas imports despite the potential for declines in Japan, where imports fell by 2% on an annual basis in October. The region’s imports are expected to rise by around 5% year on year in Q1 2018, driven by increasing demand from China and South Korea.