China is set to lead gas demand growth in Northeast Asia this winter
Muted winter LNG outlook for NE Asia
Seasonal temperatures will prove critical, but the LNG demand prospects for China, Japan and South Korea are currently soft
China is set to lead gas demand growth in Northeast Asia this winter amid signs the region’s biggest economy is bottoming out, although this is unlikely to mean a big jump in LNG imports as the country taps other sources of supply. And at the same time, more nuclear availability is expected to weigh on seasonal demand in Japan and South Korea. Recent green shoots in China’s economy suggest growth is stabilising, which may help domestic gas demand maintain momentum. China’s GDP beat predictions in Q3, with year-on-year growth of 4.9%, lifting growth for the first nine months of 2023 to 5.2%—ahead of Beijing’s official target of c.5%. Chinese gas demand has been strengthening since the spring,
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
