From LNGworldnews:
In its forecast of winter 2014/15 gas demand, Wood Mackenzie asserts that the Asia Pacific LNG market is likely to continue to loosen this winter, favouring buyers however, this outlook would rapidly change in the event of a cold winter.
Gavin Thompson, Head of Asia Pacific Gas & Power Research for Wood Mackenzieexplains: “Based on normalised weather patterns, the Asia Pacific LNG spot market should continue to loosen this winter. 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 turned in favour of buyers in summer this year, with the growth of Pacific LNG supply outpacing that of demand. Assuming normal winter weather patterns in the region from October to March, we expect that trend to continue this winter too.”
