CNOOC's Zhuhai LNG import terminal (Image: CNOOC Gas & Power)
China, the world’s largest importer of liquefied natural gas, reported a 10.6 percent decline in LNG imports in 2025. However, Chinese LNG imports rose in December, for the second month in a row.
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Australian LNG player Santos has signed two separate, non-binding LNG agreements that underscore the company’s growing global LNG portfolio position. Santos entered into a non-binding heads of agreement to buy LNG from the Ksi Lisims LNG project in Canada and the company agreed key commercial terms with South Korea's Posco Steel to supply the latter with LNG.
Brazil’s state-owned energy firm Petrobras has signed a long-term deal with US LNG exporter Sempra Infrastructure, a unit of Sempra, to buy LNG from the second phase of the Port Arthur LNG project in Texas.