Southeast Asia’s recent heatwave is leading to a jump in power demand for air conditioning, increasing demand and competition for May and June spot LNG cargoes in the region.

Southeast Asia has been suffering a repeat of last summer’s scorching weather as temperatures in Cambodia, Thailand and India soared above 105 F and are expected to continue through June. 

“We definitely see some upside potential in southeast Asia for liquefied natural gas demand if the current heat waves persist into May and June,” EnergyAspects Min Na, head of Asia LNG, told NGI.

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