Global LNG Inventories Rise On Weak Demand

Global inventories of liquefied natural gas have increased this month driven by weaker demand, Reuters has reported, noting demand is about to recover in the summer. At 550,000 ton as of April 20, per Kpler data, LNG in floating storage around the world is almost twice as much as it was this time last year, the report also noted. The increase in inventories is driven chiefly by lower demand from the three biggest LNG importers in the world: China, Japan, and South Korea. "There are currently more floating volumes on a global level and the increase…