China’s LNG Import Surge Despite High Prices

Capt. John

China imported 6.61 million mt of LNG in November, up 31.6% month on month and 1.6% higher year on year on rising domestic demand despite higher prices, according to data released Dec. 26 by the country’s General Administration of Customs, reports S&P Global Platts.

Lower temperatures stimulated higher consumption from household users and demand from industrial users rose due to more orders in the Christmas season, market sources said.

Year-long imports

The average price of LNG imported by China...

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