As global additions to supply continue to flow, the role of pure counterseasonal regions in balancing the market is coming into question. Between a more robust production outlook in South America and stabilizing LNG demand in the Mideast Gulf, year-to-date import volumes in these regions were down 6% through April.
Madeline Jowdy, S&P Global Platts senior director of global gas and LNG, examines the factors influencing the market.