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Project Insights

Asian LNG demand falls in Q1

Four of the world’s five-biggest markets for LNG recorded declines in imports in the first quarter of the year Four of the world’s five-biggest markets for LNG recorded declines in imports in the first quarter of the year.
By Andrew Walker 5 June 2019 Asia Pacific / LNG 0 34278
Asian LNG imports, volume

Asia Pacific saw its LNG demand fall by 3% year on year in Q1, according to statistics provided by government agencies. The figure excludes Bangladesh, which only started importing the fuel in Q2 last year. Declining demand for LNG from Japan and South Korea in Q1 outweighed continued strong growth from China. A combination of mild weather over the winter and higher power output from nuclear and renewables saw LNG demand fall in Japan and South Korea by...