LNG Asia Outlook

The video discusses potential strikes at Chevron and Woodside plants in Australia and their impact on global LNG supplies, particularly in Asia. It analyzes how these strikes could affect Asian spot LNG prices, depending on the duration and capacity affected. The video also identifies the Asian countries most impacted and explores strategies to mitigate supply shortfalls, such as spot market purchases and storage withdrawals. Additionally, it examines the influence of weather conditions on LNG demand and prices, with a focus on potential El Nino effects.

What is the estimated range of LNG supply reduction due to potential strikes at Chevron and Woodside plants?

• 3.5 to 8.5 million metric tons

• 2.5 to 7.5 million metric tons

• 1.5 to 6.5 million metric tons

• 0.5 to 2.5 million metric tons

Which Asian countries are likely to be most affected by the LNG supply shortfall?

• Indonesia and the Philippines

• India and Pakistan

• Japan, China, South Korea, and Taiwan

• Vietnam and Malaysia

What are the two main strategies for Asian countries to manage the LNG supply shortfall?

• Negotiate long-term contracts and invest in infrastructure

• Go to the spot market and use storage withdrawals

• Import from the Middle East and use renewable energy

• Increase domestic production and reduce consumption

How might a colder winter affect LNG demand in North Asia?

• It could lead to a surplus of LNG

• It could have no impact on demand

• It could increase demand by more than 7 million tons

• It could decrease demand by 5 million tons

What weather phenomenon is predicted to potentially bring warmer weather and reduce heating demand?

• La Nina

• El Nino

• Monsoon

• Polar Vortex