Economic recovery and a rebound in liquefied natural gas demand in the world’s largest LNG importing region, Asia, are set to keep spot regional LNG prices around current levels of $10 per million British thermal units (MMBtu) for most of the summer, which could be the highest price for this time of the year in seven years. Despite concerns about stalled short-term spot demand in India and Japan due to the COVID resurgence, Asia’s imports are holding up strong in May, according to vessel-tracking and port data from Refinitiv, cited by Reuters columnist Clyde Russell . LNG imports have been strong since the end of the winter despite the typically weak ‘shoulder season’ between peak winter and peak summer demand. The harsh winter in the northern hemisphere led to larger-than-usual inventory withdrawals, especially in South Korea—the world’s third-largest LNG importer. Now the region is restocking for summer demand for […]