Super El Niño to Warm Key Asian LNG Markets, Easing Supply Crunch

A record El Niño is forecast to bring warmer winter temperatures to Japan, South Korea, and parts of China, reducing heating demand and LNG import needs in these key Asian buyers. This could free up cargoes for Europe, which is struggling to fill storage ahead of winter. The effect is probabilistic and depends on weather model accuracy, but the directional impact on global LNG supply allocation is clear.