AsiaLNG Terminals

China boosts natural gas imports in April

By LNG Prime Staff
China boosts natural gas imports in April
CNOOC’s Zhuhai LNG terminal (Image: CNOOC Gas & Power)

China’s natural gas imports, including pipeline gas and LNG, rose by 11 percent in April when compared to the same month last year, according to customs data.

Natural gas imports during the last month reached 8.97 million tonnes, the data from the General Administration of Customs shows.

This compares to 8.08 million tonnes in the same period last year.

Moreover, the country’s gas imports dropped by just 0.3 percent year-on-year to 35.68 million tonnes in January-April.

China paid about $21.5 billion for gas imports in the first four months of this year, down 0.2 percent when compared to the last year.

There is currently no available data for LNG imports during the period.

China’s LNG imports dropped by 4.5 percent in January-March to about 16.43 million. However, China only posted a decline in LNG imports in January.

The country has started to relax Covid-related measures in December last year and spot prices dropped considerably this year.

The JKM for June settled at $11.315/MMBtu on Monday.

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