Sinopec’s Tianjin LNG terminal
Asia increasingly looks to flexible LNG supply
Demand growth and the expiration of existing contracts mean Asian nations will become less reliant on long-term contracted supply
Asia’s reliance on flexible LNG—shipments not bound by destination-specific contracts—is set to increase on the back of higher demand for the fuel. At the same time, contractual term volumes are poised to rise this summer and the coming winter, with China and India set to soak up much of this flexible supply. China will be the main growth driver for demand for flexible cargoes, with imports anticipated to rise over this summer, the upcoming winter and again next summer. Supply of uncommitted, destination-free LNG has seen limited growth this summer but is poised to surge this coming winter and following summer. The jump is dependent on new US projects coming onstream and the planned ramp-up
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.
