With the Northern Hemisphere winter approaching, all eyes are on likely LNG demand in the key Northeast Asian market, where spot prices hit an eye-watering $19.40 per million Btu in February as buyers scrambled to cover winter needs. In a bid to reduce their spot market exposure and keep a lid on prices this coming winter, sources say regional buyers have been taking advantage of the off-peak buying season to stock up, looking to incremental volumes from term suppliers and short-term contracts to see them through.
展开▼
