Amid tepid demand and high spot prices, China is expected to see an unprecedented slump in its liquefied natural gas imports this year, ceding the world’s top LNG importer status back to Japan. Chinese buyers are expected to largely stay away from spot purchases on the LNG market as inventories ahead of the winter are adequate, and demand is lackluster amid snap Covid lockdowns that have slowed industrial demand and economic growth.
China has been reselling LNG cargoes to Europe this summer, as its own demand is not what it used to be in…China’s LNG Imports Are Set For A Record-Breaking Plunge
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