# China's CNOOC holds LNG offshore as warm winter cuts spot demand | Gas Processing & LNG

> China's state-owned CNOOC is storing an LNG cargo on a tanker off South Korea because a warmer-than-usual winter has reduced expected spot demand. The cargo was loaded in Indonesia in November and has been held since then. Chinese buyers had secured supply early after last winter's shortage.

- Date: 2019-01-16 · published 2019-01-16T12:00:00.000Z
- Category: weather · region China · magnitude low
- Page: https://feedsoft.ai/events/9216-china-s-cnooc-holds-lng-offshore-as-warm-winter-cuts-spot-demand-gas-processing
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Mild weather and high inventories weaken spot LNG demand in Asia, which pressures LNG prices. Offshore storage by a major buyer adds to the supply overhang.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-11-28 | [Nat-Gas Prices Tumble as Warm U.S. Temps Stifle Heating Demand](https://feedsoft.ai/events/33343-nat-gas-prices-tumble-as-warm-u-s-temps-stifle-heating-demand.md) | -5.3% | -8.7% |
| NATGAS | 2026-01-05 | [Why Natural Gas Prices Are Slipping Despite Strong LNG Demand](https://feedsoft.ai/events/7834-why-natural-gas-prices-are-slipping-despite-strong-lng-demand.md) | -20.7% | -0.8% |
| NATGAS | 2022-09-23 | [Shoulder season demand doldrums crush US spot natural gas prices](https://feedsoft.ai/events/39766-shoulder-season-demand-doldrums-crush-us-spot-natural-gas-prices.md) | -9.4% | -29.5% |
| NATGAS | 2024-11-01 | [Natural Gas Futures Extend Drop on Delayed Winter Arrival, Golden Pass LNG Project](https://feedsoft.ai/events/11711-natural-gas-futures-extend-drop-on-delayed-winter-arrival-golden-pass-lng.md) | -9.8% | +52.1% |
| NATGAS | 2024-01-22 | [Old Man Winter’s Disappointing Encore Sees Natural Gas Forward Prices Retreat – Prometheus Institute](https://feedsoft.ai/events/32297-old-man-winter-s-disappointing-encore-sees-natural-gas-forward-prices-retreat.md) | -3.0% | -39.4% |

## Sources

- gasprocessingnews.com: https://www.gasprocessingnews.com/news/2019/01/chinas-cnooc-holds-lng-offshore-as-warm-winter-cuts-spot-demand/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.