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Drastic shift seen in Asia-Pacific LNG supply-demand balance

September 21, 2015 (2:29 mins)

In a market with growing exports and low consumption, spot prices continue to linger in low levels. In this podcast, Platts LNG editor Abache Abreu looks at the significant shift in Asia Pacific's market dynamics particularly as China's largest LNG buyer, China National Offshore Oil Corp. or CNOOC, issued its first LNG supply tender. He also talks about similar moves by other buyers in the region due to weak demand as well as upcoming additional supply later this year and in early 2016.

The following Platts assessment was discussed in this podcast:
Price Date
Japan Korea Marker $7.00/MMBtu 09/16/2015

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