Name: Asia short-term LNG Markets Q4 2017
Brand: Wood Mackenzie
SKU: 78970
Price: 3600 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Commodity Market Report 01 December 2017

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Report summary

The seasonality of North Asian LNG imports keeps increasing. The increasing winter peak is mainly driven by China’s growing heating demand and lack of gas storage. After a disappointing start to the year, the outlook for growth in India’s LNG now looks more positive, but Pakistan’s import ambitions have faced recent setbacks with two FRSUs cancelled since June. Japan’s 2018 nuclear restarts could be delayed following a review into Kobe Steel parts, providing some upside to LNG demand.

Executive summary
- China's booming LNG imports are getting more seasonal
- JKT’s recent recovery in LNG imports unlikely to be sustained
  - Japan nuclear restart uncertainty remains
  - South Korea LNG imports have exceeded consumption through 2017
  - Upside for Taiwan LNG if nuclear phase out plans continue
- South Asia’s LNG import growth boosted by Pakistan and Bangladesh
  - Coal supply issues are providing a boost to India’s LNG imports
  - Bangladesh on track to start importing in 2018
  - Despite some setbacks in developing new FSRUs, Pakistan continues to ramp up LNG imports
- Expect stronger LNG import growth in 2018 in South East Asia
  - Removal of electricity subsidies hit Indonesian LNG imports in 2017
  - PETRONAS supply drives strong Malaysian LNG imports
  - Singapore’s LNG market is opening to spot LNG
  - Contracts are ramping up in Thailand as import capacity is expanded
  - Philippines finally ready to start LNG imports?
- Asia smog watch: will air quality concerns create upside for LNG?

Tables and charts

This report includes the following images and tables:

Asia annual LNG history and outlook MtAsia LNG demand year-on-year changeChina monthly LNG history and outlook

JKT quarterly Year on Year change in demandSouth Asia LNG demandSouth Asia Year on Year LNG importsSouth East Asian LNG importsVerisk Maplecroft Air Quality Index Map October 2017Verisk Maplecroft Air Quality Index by region October 2017AQI (Air Quality Index) in Asia: Extreme 0 - 2.5, High 2.5 - 5, Medium 5 - 7.5, Low 7.5 – 10KOGAS LNG imports compared to LNG sales