The liquefied natural gas (LNG) market in Asia saw a strong rise in demand throughout the week of **th January, due to increased demand for LNG in China and India as supply concerns eased, as well as an improved global gas market outlook. After a time of hesitation in making purchases, importers responded to improved market balance expectations, favourable policy signals and improving downstream consumption trends in both nations.
In China, there was an indication of greater stability over time about demand conditions as utilities and traders had anticipated that international prices will ease and that there will be a greater availability of LNG cargo on the market. The forecasted loose global supply and demand balance of the world鈥檚 supplies of natural gas due to steady growth in production and the number of new liquefaction projects coming on stream supported this improvement...
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