Skip to content

Russian Supply Fears Intensify Asian Demand for Winter Gas

  • South Korea, Japan, Taiwan buyers seek cargoes from September
  • Worries grow that Russia will cut supply and tighten market
Bloomberg business news
WATCH: Samantha Dart, head of natural gas research at Goldman Sachs, discusses the outlook for the market.Source: Bloomberg
Updated on

Asia’s top liquefied natural gas importers are accelerating efforts to secure fuel for winter on fears that Russia will curb supply and further tighten the global market.

South Korea purchased more than a dozen cargoes for delivery this winter, while major Japanese utilities are looking for supply from September, according to traders. Taiwan’s CPC Corp., which had been quiet for months, returned to the spot market seeking to pick up supply for this fall, the traders said.