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China's LNG Exports To Decline In December: BNEF

LNG

China's LNG imports are estimated to decline on the year in December because of consistent weaker demand, according to BNEF.

  • China's LNG imports are expected at 7mn t in December, 15% lower year on year.
  • LNG importers continue to cancel third-party access slots for December at its terminals, according to PipeChina.
  • Spare receiving capacity at its LNG terminals for December delivery rose by 0.1mn t, PipeChina data show.
  • China's gas demand is expected to remain lower as temperatures are forecast to remain above the seasonal norm for most of China and new Covid-19 outbreaks weigh on the economy.

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