Growth challenges ahead for Asia Pacific LNG demand

Asia Pacific remains the key region for global LNG demand growth. However, the outlook for LNG demand now appears less certain through both the short and longer term. The major driver of this uncertainty has been China, although demand in South Korea has also weakened considerably. Meanwhile in Japan, the country’s long term power generation capacity mix remains unclear. Bright spots do exist, with demand in South East Asia above our previous expectation given the fall in spot prices.