Free Trial

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

LNG

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

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.