China’s LNG demand up incrementally, South Korea’s one still sluggish
Wednesday, 06 July 2016
Overstating its optimism, Gazprom has suggested China’s gas demand will exceed 260 Bcm in 2016 and edge close to 300 Bcm/year by 2020. Actual figures show a cautious recovery, with demand up 0.3 million tons, or 27%, to 1.43 million tons y-o-y in May. South Korea, in contrast, saw a 5.8% decline in LNG imports last month – the fifth month in a row of y/y declines.
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