Asia Pacific Storage
Low stocks in Northeast Asia will support demand for gas for rebuilds.
South Korea had around 2.3 bcm of gas in storage at the peak of winter, 29% below the average for the past three years. Although the volumes required for rebuilds will not be sufficient to cause a year-on-year rise in LNG imports over the coming months, they will provide some support to imports.
Japan’s stock situation at the peak of winter was above the norms for recent years, at roughly 6.2 bcm. Japanese LNG imports...