Asia is on track to import the highest level of LNG since January, despite rising spot prices. •European LNG imports are expected to be at their lowest levels since September 2021. •Global LNG demand is projected to surge by 35% by the end of the decade, driven primarily by Asia.
From OILPRICE.COM
Asia is on track to import the highest level of LNG since January, despite rising spot prices.
•European LNG imports are expected to be at their lowest levels since September 2021.
•Global LNG demand is projected to surge by 35% by the end of the decade, driven primarily by Asia.
Asia is on track to import this month the highest level of LNG since January as demand grows despite rising spot LNG prices in the region.
Asia's LNG imports are expected to stand at 24.85 million metric tons in July, the highest level in six months, and higher than the June imports, although prices have increased in recent months. China and India are expected to see higher LNG imports in July compared to June, although Indian purchases tend to be much more price-sensitive than China's and buyers tend to stay on the sidelines of the spot market when LNG prices rise.