Posted 11/15/2023, 12:00:00 AM
LNG Demand Up But Prices Fall Due to High Inventories and Mild Weather
- LNG demand rising in Asia and Europe, but spot prices have dropped amid high inventories and mild weather
- European LNG imports expected to hit highest level since May
- Weather is big unknown - sustained cold could lead to supply issues and price spikes
- Lower gas demand in Europe but risks remain, especially with no buffer in German gas system
- Outages at LNG export facilities also a key risk to adequate supply this winter