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China LNG Imports Rise 25.1% y/y in March

LNG

China imports of LNG in March rose 25.1% from the previous year to 6.65m tons according to customs data.

  • Imports were the highest since January 2022 and likely boosted by lower international prices. Imports in January-March rose 20.8% y/y to 19.78m tonnes.
  • Asian LNG prices were down 26.9% from the same period last year at the end of March, and down 47% from a high in October 2023.
  • Natural gas imports, including pipeline gas, increased 21.3% y/y to 10.75m tonnes, in March with a 17.3% increase in pipeline imports to 4.11m tonnes.
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China imports of LNG in March rose 25.1% from the previous year to 6.65m tons according to customs data.

  • Imports were the highest since January 2022 and likely boosted by lower international prices. Imports in January-March rose 20.8% y/y to 19.78m tonnes.
  • Asian LNG prices were down 26.9% from the same period last year at the end of March, and down 47% from a high in October 2023.
  • Natural gas imports, including pipeline gas, increased 21.3% y/y to 10.75m tonnes, in March with a 17.3% increase in pipeline imports to 4.11m tonnes.