The voracious appetite of China for LNG appears to know no bounds, but have Japan and South Korea had their fill? Imports have been outstripping demand in both countries in 2017. With storage going into the winter far higher than last year we expect LNG imports to fall for both in 2018. LNG supply growth will ease slightly next year adding “only” 27 Mt, but that is still more than China imported last year. New LNG plants could allow an additional 43 Mt of LNG supply in 2019, but we believe this is more than the market can absorb and some of it will be shut-in. Find out how much is shut-in and what the impact on LNG and gas prices will be in our Q4 2017 short-term LNG outlook.