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South/Southeast Asian LNG Imports to Rise 12% YoY This Summer
South and Southeast Asian LNG imports are forecast to rise by 12% on the year to 34.7mn tons this summer, as cheaper LNG spot cargoes, an increase in contracted volumes and newly commissioned LNG import facilities are driving LNG appetite according to BNEF.
- Indian LNG demand is expected to rise 5% on the year with LNG imports forecast at 12.3mn tons during April-September. India’s 2024 imports are forecast to rise by 11% on the year to 24.2mn tons.
- Pakistan’s LNG imports are estimated to rise by 10% on the year to 3.9mn tons.
- LNG imports into Thailand are estimated to increase by 4% on the year to 6.6mn tons this summer.
- Singapore’s LNG imports this summer are expected to surge by 39% to 3.8mn tons.
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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.