Liquefied natural gas imports to China slumped to the lowest since 2020 in February, at 4.5 million tons, Kpler data showed, as reported by Bloomberg. A relatively warm February contributed to the weaker demand, which led to China slipping to the global number-two spot in LNG imports, overtaken by energy-hungry Japan.
In addition to the weather, demand in China was also weaker due to lower industrial activity and ample gas in storage. Last year, China saw a surge in LNG and pipeline gas imports as it sought to fill its storage caverns. Over just…China’s LNG Imports Slump to 5-Year Low
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