Warmer Nov to limit Asian spot LNG demand
Northeast Asian countries are facing higher than usual LNG inventories ahead of winter, resulting in expectations of limited incremental spot LNG demand throughout their typically high-demand winter season. Higher than usual temperatures at the onset of winter have likely curbed LNG consumption for power generation to meet heating needs during the month, limiting regional inventory drawdowns. South Korean LNG inventories for November are estimated to be at an all-time high, much higher over the same period compared with the past three years, according to forecasts from Korea Electricity Statistical Information ... (full story)
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