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Canada’s west coast LNG projects gain momentum
Geographical position, long-term demand and decarbonisation efforts continue to support the region’s burgeoning LNG sector
Hong Kong looks to LNG to cut emissions
The special administrative region has introduced the fuel as part of its drive for carbon neutrality, but it will take years for imports to ramp up
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Pipeline problems, maturing fields, gas quality issues and territorial disputes threaten to erode Malaysia’s LNG exports
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Have India’s imports of Russian crude peaked?
Russia has leapfrogged Mideast sources to become India’s largest supplier, but flows may be poised to plateau
Southeast Asia embraces LNG
Vietnam and the Philippines lay down a marker for the region’s growth prospects with new import terminals
Energy crisis resets expectations for Asia-Pacific LNG demand
Reliability and affordability key in price-sensitive Asian market amid renewed global dependency on natural gas
Asia’s LNG approach evolves
Asia learns energy security lessons after counting the costs from the destination flexibility of LNG
LNG industry’s faith unwavering on Asian demand
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Strong late-winter draw on high LNG stocks looks increasingly unlikely
LNG China Japan South Korea India
Shi Weijun
Shanghai
16 March 2023
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Subdued Asian LNG interest produces large stockpiles

Weak prices support demand but mild weather, delayed gas projects, large reserves and nuclear alternatives set to blunt upturn

Those fearing a potential global gas crunch later this year will take heart from tepid Asia-Pacific LNG activity, which saw the JKM benchmark for spot Asia-Pacific cargoes hit its lowest level in March since July 2021. The lull in prices has incentivised the return of some Chinese players and is likely to attract price-sensitive markets in Asia, which are now looking to resume purchases. But overall demand remains subdued when it comes to the main import markets, with the weather playing a key role. China, Japan, South Korea and Taiwan are set to finish the winter with 3.4mn t more LNG in reserve than a year earlier, weighing on summer requirements to refill tanks for the peak summer cooling

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