Natural Gas Comment: Preliminary Signs of Asia LNG Demand Recovery

Asia LNG demand is showing preliminary signs of recovery, particularly in China and South Korea, which reduces the surplus available for Europe and raises upside risks for TTF price forecasts.

Key Takeaways

• 1.Asia LNG demand is beginning a recovery path, with current imports running 4 mtpa above expectations.
• 2.The recovery in Asia demand tightens global LNG availability for Europe, skewing risks to TTF prices to the upside.
• 3.China and South Korea are leading the sequential import rise, while Japan's recent weakness is viewed as temporary.

Table of Contents

• Team Natural Gas
• Disclosure Appendix
• Reg AC
• Disclosures
• Global product; distributing entities
• General disclosures

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