Commodity Market Report
Global short-term LNG demand tracker (Q2 2021)
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China and Southeast Asia dominate LNG demand growth through to 2022, while JKT sees a one-year ‘bounce’ from a depressed 2020 Northeast Asian growth carries risk: In each of the three largest LNG importing countries (China, Japan, Korea) we expect sizeable growth (or at least a rebound) in 2021 imports. However, each of these carries country-specific risks. In Japan, total power demand continues to decline, putting pressure on gas as the marginal fuel source. Korea's growth is largely through government-enforced coal-to-gas switching and one-time inventory restocking. Only China’s LNG growth is supported by strong fundamental gas demand. But even there, any economic slowdown or resurgence of COVID restrictions could reverse this trend as supply from both domestic production and Russian pipeline imports continue to grow.
Table of contents
- China and Southeast Asia dominate LNG demand growth through to 2022, while JKT sees a one-year ‘bounce’ from a depressed 2020
- Related reports
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Global Short-Term LNG Supply Tracker (Q2 2025)
Quarterly update of short-term LNG supply dynamics by country
$1,050
Insight
Q2 2025 pre-FID project tracker: major upstream projects progress despite geopolitical headwinds
Our Q2 2025 outlook for global pre-FID upstream projects.
$6,750
Insight
Israel – Iran conflict: implications on the global LNG market
Following a large-scale Israeli attack on Iran, tensions escalate with significant consequences for global oil and gas markets.
$950
