This insight chronicles the various factors that will drive LNG demand down in the world's two largest LNG markets in 2016. Baseload power capacity is ramping up at a time when overall power demand is declining or weakening. Gas and power demand is also getting hit by a weaker global economy. Knock on effects of a slowing Chinese economy is particularly impacting industrial gas and power demand. Warmer than expected winters and cooler than expected summers have also played a significant role in reducing electricity intensive heating and air conditioning demand.