With winter around the corner, the outlook for natural gas demand just got a boost. Forecasts, for now, seem to point to a normal winter, meaning a rise in gas demand for power generation and heating. But will prices follow? They are already improving in Asia, not least because weather forecasts suggest a colder than usual winter. The spot price for natural gas in Northeast Asia has recovered from the record lows reached earlier this year amid the pandemic and currently hovers around $5.20 per million British thermal units, similar to pre-pandemic levels although still lower than the average of $6 per mmBtu gas traded at this time last year in Northeast Asia. The news from China specifically is also good : imports of liquefied natural gas this year are seen up 10 percent this year from last as local industries snap up cheap cargos while the oversupply lasts. […]