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

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01 March 2016

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

Report summary

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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