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Lower spot prices
- China has significantly increased its LNG imports this year, capitalising on lower spot prices compared to the previous year. In February, the country recorded a record volume of LNG imports for the month, as buyers seized the opportunity presented by declining spot prices in Asia amidst abundant inventories and subdued demand.
www.oilandgasmiddleeast.com/news/china-on-track-for-record-breaking-lng-import-levels-in-2024China on track for record-breaking LNG import levels in 2024
1 day ago · (Bloomberg) -- The US has boosted sales of liquefied natural gas to China this year, although the surge may not last if the incoming Trump administration collides with Beijing over trade. China imported 63% more of the super-chilled fuel from the US in the first 10 months of the year compared to the same period in 2023, according to Chinese customs data released on Wednesday.
Jul 20, 2024 · Despite higher import volumes, the Chinese import bill for the first half fell by 0.8% to $31.7 billion, official Chinese data showed, as LNG prices were lower than year-ago levels early...
May 15, 2024 · China could beat its 2021 all-time high of LNG imports this year, as industrial and commercial sectors are set to drive demand for the super-chilled fuel, an official at state-held energy...
1 day ago · China imported 63% more of the super-chilled fuel from the US in the first 10 months of the year compared to the same period in 2023, according to Chinese customs data released on Wednesday. That lifted the US to fifth in the roster of Beijing’s suppliers, behind Australia, Qatar, Russia and Malaysia. Story continues below.
May 16, 2024 · China's liquefied natural gas imports could hit record levels in 2024, a PetroChina official forecast on Wednesday.
May 16, 2024 · China is all set to surpass its 2021 record-high LNG imports this year, driven by strong demand from the industrial and commercial sectors. In 2021, Chinese LNG imports reached an all-time high of 78.8 million metric tonnes.
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Aug 25, 2023 · China managed to boost LNG imports by 7.2% in the first half this year, to 33.44 million tonnes, as more LNG import receiving terminals have started up.
