LNG

Less volatility for Asian LNG prices this winter

With growth in LNG supply set to outpace growth in demand this winter, Asian buyers should avoid a repeat of last winter’s price surges With growth in LNG supply set to outpace growth in demand this winter, Asian buyers should avoid a repeat of last winter’s price surges.
By Damon Evans 18 October 2018 0 32950
A cargo being delivered to Singapore’s LNG terminal. (Shell)

Asian LNG prices are less likely to surge this winter than they were a year ago as increases in global supply are expected to outweigh projected growth in demand. 

The world’s LNG supply is forecast to increase by 10.0 mt during the northern hemisphere winter, while demand is estimated to grow by 9.3 mt – driven mostly by China. The surplus should prevent a repeat of the price surge that affected Asian LNG buyers last winter, Anne Katrin Brevik, director of LNG research and forecasts at...