China’s LNG imports drop in September

China’s liquefied natural gas (LNG) imports dropped in September after rising for seven months in a row, according to customs data.

Data from the General Administration of Customs shows that the country received about 5.69 million tonnes in September, a drop of 2.8 percent when compared to the same month last year.

LNG imports in September also dropped compared to 6.30 million tonnes in August, when they rose 34.1 percent year-on-year.

China imported 51.13 million tonnes of LNG during January-September, up by 10.1 percent compared to the same period last year, the data shows.

However, Chinese LNG imports fell last year due to due to very high spot LNG prices and Covid lockdowns, which affected economic activity.

LNG imports dropped compared to the January-September period in 2021 when China imported 58.48 million tonnes of LNG.

Including pipeline gas, China’s gas imports rose by 8.2 percent year-on-year to 87.76 million tonnes in the January-September period this year.

The country’s pipeline gas imports rose by 4.9 percent in September to 4.46 million tonnes, the data shows.

World’s largest LNG importer

Japan was the world’s top liquefied natural gas importer in 2022, overtaking China, but both of the countries took fewer volumes when compared to the year before.

However, China has overtaken Japan in the first half of this year.

Japan’s Ministry of Finance has not yet released its data for LNG imports in September.

The country’s LNG imports dropped by 9.6 percent year-on-year in August to about 5.67 million tonnes.

During the January-August period, Japan imported some 43.38 million tonnes, down by about 2.18 million tonnes compared to China’s 45.51 million tonnes in the same period.

Most Popular

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

CNOOC’s Binhai LNG terminal gets 100th cargo

China National Offshore Oil Company (CNOOC) has received the 100th cargo at its giant Binhai LNG import terminal in Jiangsu.

China’s LNG imports down 22.9 percent in February

China, the world’s largest liquefied natural gas importer, reported a 22.9 percent drop in its LNG imports in February, while its pipeline gas imports increased by 7.6 percent compared to the same month last year.

GECF says February LNG imports climb

Global liquefied natural gas (LNG) imports rose by 3.7 percent year-on-year in February, boosted by higher imports in Europe, the Gas Exporting Countries Forum said in its latest report.

PipeChina launches bid process for LNG terminal slots

State-owned LNG terminal operator PipeChina has launched a bidding process, offering access to its LNG terminals.