The arrival of winter usually sees spot LNG prices in Asia rise as demand increases in the key markets of north-east Asia (Japan, Korea and China), which together accounted for 61% of global LNG imports in visual_editor013. However, in visual_editor014, the arrival of winter has seen spot prices fall in a remarkable turnaround from the experience of recent years and one which few, if any, had predicted. Gas Strategies reviews the reasons for the fall in spot prices and considers the outlook for spot prices in the short to medium term.
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