Asia LNG Purchases Hit March Record ...Middle East

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Asia LNG Purchases Hit March Record
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Imports of liquefied natural gas into Asia last month hit the highest ever for that month, at 24 million tons, which was a 12% increase on a year earlier, Bloomberg reported, citing Kpler data. The leaders of the importers’ pack were China, India, and Thailand, the data showed, with imports expected to continue at elevated levels as ample gas inventories are dampening demand for new shipments and lower prices on the spot market. Because of that lower demand, shipments of liquefied gas to Europe dropped 20% in March from a year earlier,…

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