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Free AccessAsia LNG Demand up 2.2bcm on Year but Below 2021 Level: Timera Energy
Lower spot Asian LNG prices, currently below 11$/mmbtu, are more attractive to price sensitive spot buyers South & SE Asia and increased Chinese downstream demand has led to Chinese buyers taking more of their contracted cargos according to Timera Energy.
- Asian demand rose approximately 2.2bcm year on year in April but remains over 1bcm lower below April 2021 levels.
Source: Timera Energy
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.