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An LNG tanker arrives in Japan. A colder-than-expected winter could further tighten the world's gas market. (File photo by Kyodo)
Market Spotlight

Scramble for LNG brings winter risks for Asia

Supplies and storage levels look adequate for now but concerns remain for 2023

RURIKA IMAHASHI, NESREEN BAKHEIT and KIM JAEWON, Nikkei staff writers | East Asia

TOKYO/DUBAI/SEOUL -- The question of whether the world has enough gas looms large as the Northern Hemisphere faces its first winter since Russia's invasion of Ukraine triggered upheaval in global energy markets.

Asian buyers are feeling the blowback from the economic battle between Russia and Europe over gas. Moscow's restrictions on gas supplies to the EU via pipeline and Western determination to end the use of Russian fossil fuels have raised demand for liquefied natural gas, which is shipped around the globe.

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