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- Such a move will likely see China's LNG imports rise in coming months, but they are still likely to be below the levels that prevailed last winter. This is because while China will now take contracted volumes, it's still likely that it will stay out of the spot market, given prices are high and inventories are adequate.
www.reuters.com/markets/commodities/china-keep-more-lng-still-buy-less-than-last-winter-russell-2022-10-18/
1 day ago · Although the 3.9 million tons shipped so far this year is only about 6% of China’s total, Chinese buyers have contracted for 14 million tons of US LNG starting from 2026, according to BloombergNEF. If Washington presses ahead with a threatened 60% tariff on Chinese goods, Beijing’s retaliation could include duties on American gas.
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.
May 16, 2024 · For power plants in China, however, LNG prices would need to drop to below $6 per million British thermal units (mmBtu) for consumption to pick up, added Zhang, who spoke to Reuters on the...
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...
Sep 8, 2024 · Seaborne LNG accounts for about 60% of China’s gas, with the rest arriving overland via pipelines from Russia and Central Asia. Most LNG is secured on long-term contracts from mega-projects in places like Australia, Qatar and the US.
Mar 28, 2023 · China's LNG import growth is being capped by weaker-than-expected downstream natural gas consumption, a feeble response to a decline in gas prices, and the slow pace of economic recovery and industrial activity.
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Sep 9, 2022 · High LNG spot prices have dampened Chinese buying interest, forcing buyers to increasingly rely on domestic production, lower-priced pipeline gas, or even other sources of energy such as electricity and coal to meet demand, industry sources said.
