China’s LNG imports down in January-February

China logged a drop in its LNG imports for the second month in a row, following record imports of the fuel during the last year.

China became the world’s largest LNG importer last year, overtaking Japan. The country’s LNG imports reached 78.93 million tonnes in 2021, hitting a new record high due to rising demand from the power generation and industrial sectors.

However, during January and February of this year, LNG imports dropped when compared to the last year. This could be related to sky-high spot LNG prices, prompting Chinese buyers to hold off on buying spot volumes.

In January, LNG imports dropped by 6.7 percent to 7.81 million tonnes, while in February they decreased 11.8 percent to 4.86 million tonnes, data from the General Administration of Customs showed.

During the January-February period, China imported 12.68 million tonnes of LNG. Compared to the same period last year, LNG imports dropped by 8.7 percent.

On the other side, China’s pipeline gas imports increased during the first two months of this year.

Pipeline imports rose by 6.3 percent to 7.18 million tonnes, the data said.

- Advertisements -

Most Popular

Charif Souki steps down as chairman of Tellurian

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

QatarEnergy, ExxonMobil expect first LNG from Golden Pass plant in H1 2025

Energy giants QatarEnergy and ExxonMobil are expecting to start LNG production at their Golden Pass LNG export terminal on...

Dynagas FSRU ready to start Stade job

The 174,000-cbm FSRU Transgas Force, owned by Dynagas, has left Germany's Bremerhaven and will now work as an LNG...

More News Like This

China boosts gas imports in November

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

CNOOC’s Fujian LNG terminal hits new milestone

CNOOC's liquefied natural gas import terminal in China's Fujian province has received more than 700 cargoes of LNG since...

China’s LNG imports climb in October

China’s liquefied natural gas (LNG) imports rose in October compared to the same month last year, according to customs...

China boosts gas imports in October

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