What's driving short-term LNG demand in Japan and South Korea?
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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.
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- What's driving short-term LNG demand in Japan and South Korea?
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