Asian Demand For LNG Remains Resilient

Taking advantage of low LNG prices only works up to a point. If you have plenty of underground storage capacity available, you are well placed. But most Asian countries have only paltry if any underground storage capacity. Europe is much better placed. Asia does not have a lot of possibilities to deal with its swing. LNG tanks are not made to deal with seasons – they are needed to keep the terminal functioning. And they are expensive. So, the only thing they often can do is over-contract and try to dump what they cant use. I wonder why there is no rush for new terminal capacity in North-Western Europe, the only potential market sink? Any contenders?

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