Asia’s LNG summer procurement demand set to heat up as supply risks continue

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Asia is witnessing the emergence of incremental demand for LNG spot cargoes as it enters the summer season, with firm demand amid continued supply risks stemming from the Russia-Ukraine war likely to keep LNG prices underpinned in the coming months, tempering the impact of China’s recent lackluster consumption. Regional LNG import demand has fallen close to 10% compared to last…