Asia Pacific Storage

Requirements for storage builds will help drive imports over the coming months.

Japan entered the peak of the winter demand season with stocks up by roughly 5% year on year. LNG import levels fell by 0.5% on an annual basis in January and further declines are expected this year. In South Korea, stocks were up by 34% on an annual basis at the start of January. Nevertheless, South Korea will still be looking to rebuild stocks before the summer, and storage levels could continue to rise...