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China Buys Record Amount Of Russian LNG

LNG

China imported record quantities of Russian LNG last month, while total LNG imports continue to lag 2021 levels, according to Chinese customs data

  • Chinese LNG imports in November from Russia doubled year on year to 852,000t, despite a 5.4% decline in China’s total LNG imports on the year, recovering from a 34% year-on-year gap in October.
  • Chinese oil imports from Russia in November rose 17% in the year to 7.81mn t, the highest level since August.
  • Overall purchases of Russian energy, including oil products, hit $8bn in November, up from $7.8bn in the prior month.

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