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Asia Buyers Reluctant to Lock in High Prices for Q4

LNG

Some Asian LNG importers are reluctant to pay such high prices to restock supplies ahead of winter.

  • Chinese and Japanese buyers are negotiating for supplies of LNG for Q4 delivery but discouraged by high prices and the strength in the US dollar according to Bloomberg.
  • If gas is not secured before the winter heating season, then there is an increased risk of shortages if there is a sudden cold weather spell.
  • Competition for LNG cargoes remains strong with high demand from Europe to replace Russia supplies and cover for winter consumption.

Source: Bloomberg

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Some Asian LNG importers are reluctant to pay such high prices to restock supplies ahead of winter.

  • Chinese and Japanese buyers are negotiating for supplies of LNG for Q4 delivery but discouraged by high prices and the strength in the US dollar according to Bloomberg.
  • If gas is not secured before the winter heating season, then there is an increased risk of shortages if there is a sudden cold weather spell.
  • Competition for LNG cargoes remains strong with high demand from Europe to replace Russia supplies and cover for winter consumption.