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LNG: China LNG Market to be Challenged by Geopol Risks: OilChem

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China’s LNG market in 2025 is projected to exhibit the characteristics of lower imports and higher domestic production, with logistics leading demand, OilChem said.

  • Under the complex and volatile geopolitical landscape in 2025, it is expected that China may cut LNG imports, but the pipeline natural gas imports are likely to rise.
  • Recently, pipeline imports have been priced lower than LNG, disincentivising the latter.
  • Retaliatory tariffs on imports of US LNG are also set to cut LNG demand.
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China’s LNG market in 2025 is projected to exhibit the characteristics of lower imports and higher domestic production, with logistics leading demand, OilChem said.

  • Under the complex and volatile geopolitical landscape in 2025, it is expected that China may cut LNG imports, but the pipeline natural gas imports are likely to rise.
  • Recently, pipeline imports have been priced lower than LNG, disincentivising the latter.
  • Retaliatory tariffs on imports of US LNG are also set to cut LNG demand.