Commodity Market Report

Asia short-term LNG Markets Q4 2017

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01 December 2017

Asia short-term LNG Markets Q4 2017

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. 

Table of contents

    • 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 11 images and tables including:

  • Asia annual LNG history and outlook Mt
  • Asia LNG demand year-on-year change
  • China monthly LNG history and outlook
  • JKT quarterly Year on Year change in demand
  • South Asia LNG demand
  • South Asia Year on Year LNG imports
  • South East Asian LNG imports
  • Verisk Maplecroft Air Quality Index Map October 2017
  • Verisk Maplecroft Air Quality Index by region October 2017
  • AQI (Air Quality Index) in Asia: Extreme 0 - 2.5, High 2.5 - 5, Medium 5 - 7.5, Low 7.5 – 10
  • KOGAS LNG imports compared to LNG sales

What's included

This report contains:

  • Document

    Datafile - Asia short-term LNG MArkets Q4 2017.xlsx

    XLSX 550.91 KB

  • Document

    Woodmac Asia LNG Short Term Q4 2017.pdf

    PDF 297.17 KB

  • Document

    Asia short-term LNG Markets Q4 2017

    ZIP 723.64 KB