China’s January-May LNG imports down almost 20 percent

China’s liquefied natural gas imports declined by 19.6 percent in January-May due to high LNG spot prices and Covid lockdowns, which affected economic activity.

The country received about 26.49 million tonnes in the period under review, according to data from the General Administration of Customs.

China took some 4.93 million tonnes of LNG in May, down 28.1 percent when compared to the same month last year. May imports rose when compared to the prior month’s 4.35 million tonnes.

The customs data previously showed that January LNG imports dropped by 6.7 percent to 7.81 million tonnes, in February they decreased by 11.8 percent to 4.86 million tonnes, and in March imports dropped 17 percent to 4.63 million tonnes.

On the other side, China’s pipeline gas imports increased in January-May.

Pipeline imports rose by 11.3 percent to 18.42 million tonnes, while in May these imports increased by 26 percent to 4.15 million tonnes, the data said.

Japan continues to import more LNG

China became the world’s largest LNG importer last year, overtaking Japan.

However, Japan regained the title of the world’s largest LNG importer this year and increased its lead in May.

Last month Japan took about 5.76 million tonnes of LNG, about 0.8 million tonnes more than China.

During the five-month period, Japan imported some 31.72 million tonnes of LNG. This is now more than five million tonnes of LNG compared to China’s volumes.

- Advertisements -

Most Popular

Golar says progress made on new FLNG deal

Floating LNG player Golar LNG is working to sign definitive agreements for an up to 20-year FLNG deployment. In February,...

Brunei LNG says working to restart compressors

LNG terminal operator Brunei LNG said on Tuesday it is working to restart its onshore compressor plants following an...

CoolCo reveals more details on GAIL LNG carrier charter deal

LNG carrier operator CoolCo has revealed more details regarding its recent 14-year charter deal with India’s largest gas utility...

More News Like This

PipeChina’s Zhangzhou LNG terminal gets first cargo

State-owned China Oil and Gas Pipeline Network (PipeChina) has received the first liquefied natural gas cargo at its Zhangzhou...

China’s LNG imports continue to rise

China, the world’s largest liquefied natural gas importer, increased its LNG imports by 31.5 percent in April compared to...

China’s Huaying LNG import terminal nears launch

China's Huaying Natural Gas and Sinopec are nearing the launch of their liquefied natural gas (LNG) import terminal in...

China boosts gas imports in April

China’s natural gas imports, including pipeline gas and LNG, increased in April compared to the same month last year,...