The charts LNG demand in the two big Asian growth markets has been strong in 2020, against a backdrop of Covid. Demand from Japan and Korea is down on previous years but has recovered across the summer. Robust Asian demand has seen JKM prices rising into winter with Dec now around 6.90 $/mmbtu. This has opened up a 1.85 $ premium over TTF and is drawing flexible supply away from Europe, where imports have declined sharply since May.
Strong Chinese & Indian LNG demand