LNG

Oct 30 (LNGJ) - Wood Mackenzie, the energy consultants, said the Asia-Pacific LNG market is likely to continue to loosen in the months ahead, though colder weather in the Northern Hemisphere of the major cargo buyers Japan and South Korea could send demand higher. "Based on normalised weather patterns, the Asia-Pacific LNG spot market should continue to loosen this winter," said a report from the consultants. "This inevitably will favour buyers. This is a reversal of the defining feature of the last several years in which the market continued to tighten," it added.