China’s pipeline imports grew faster than LNG inflows in April
China’s LNG demand blunted for now
Pipeline imports and domestic production gains may limit LNG take, but Russia and Central Asia uncertainty could prompt buying activity
A recent acceleration in pipeline gas imports and robust domestic production growth have squeezed the immediate space for additional LNG imports into China, but uncertainty over gas exports from Russia and Central Asia could provide an opening for Chinese spot cargo procurement later this year. China’s pipeline imports grew faster than LNG inflows in April for the first time this year, to hit their second-highest level on record, according to customs data. Piped volumes climbed by 12.6pc year-on-year over the month, to 4.21mn t, nearly on par with the 4.25mn t received in September 2022. LNG imports grew by 10.3pc, to 4.77mn t, the third consecutive month of year-on-year increases. Piped flo
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
