Despite Cargo Diversions, Asian LNG Demand Peaks

• LNG sellers capitalize on strong spot prices amid cargo diversions.
• India’s gas-fired power demand drops 24% on year in H1 May: Platts Analytics.
• Price impact of India diversions only about 5 cents/MMBtu: Citigroup.

A recent news article published in the Platts by Yi-Le Weng, Shermaine Ang and Eric Yep states that Strong Asian LNG demand soaks up India cargo diversions amid COVID-19 crisis.

Strong Asian LNG demand for summer and tight supply amid maintenance and...