Extreme Asian heat spurs LNG demand ahead of summer months
LNG
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Article by:
Emily Chow - Reuters
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Date Published:
June 03, 2024
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Who was cited:
Siamak Adibi, Consultant - FGE Singapore
"Spot prices are now driven by Asian demand. Temperatures in South Asia are rising due to a heatwave, increasing power demand," said Siamak Adibi, principal consultant at energy consultancy FGE.
While China may still see lower demand compared with its record breaking shipments in 2021, demand from India and the rest of Asia has compensated for any drop-off, Adibi said.
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