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China LNG Imports Rose 26% y/y in March 2024: ICIS


China's March 2024 LNG imports to China rose to a record for March of 6.8m tonnes according to data from ICIS LNG Edge.

  • Imports were up 26% from March 2023 and up 16% from the previous highest March from 2021.
  • Increased Asian LNG imports have been boosted by lower spot gas prices due to a mild winter and high European gas storage levels.
  • China's gas and LNG imports could potentially grow if greater inroads are made into the share of coal. Gas contributed only 8% of China's overall energy supply in 2021 and just 3% of electricity generation. China also receives pipeline imports from neighbouring countries including Russia as well as supplies from domestic production.

Source: ICIS

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