Free Trial

China LNG Imports Indicate Recovery Pause

LNG

China’s LNG imports fell in June for the first time in over a year according to Kpler vessel tracking.

  • Imports for June were 5.8 million tons - down 6.2% from the same month last year and the first y/y drop since January 2023.
  • Higher LNG demand globally has pressed the North Asian benchmark, making alternative fuels more affordable for Chinese buyers.
  • Chinese traders have also been reselling LNG cargoes to more profitable markets overseas.
  • The Chinese domestic market has faced cooler weather and has high levels of hydropower and coal to support power generation.


Source: Kpler/Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.