“Weather is going to dictate movements as temperatures have fluctuated but haven’t been consistently low enough to generate provincial buyers back to the spot market,” he said.
Prices in Asia are expected to remain bearish next week amid high inventories, weak Korean gas-for-power demand and muted South and Southeast Asian spot activity, said Ronald Pinto, principal gas and LNG analyst at data analytics firm Kpler.
Robust Pacific supply and Japan’s approval of the Kashiwazaki-Kariwa restart further cap upside, he said, referring to news that Japan’s Kashiwazaki-Kariwa nuclear power plant, the world’s biggest, could be restarted as soon as January pending consent from regional authorities.