Chinese imports of liquified natural gas (Refinitiv Eikon) were at record levels in January despite high inventories caused in part by relatively warm winter temperatures. Imports reached 6.55 million metric tonnes (mt), a 2% increase compared with December, which held the previous record, according to data from LNG. Importers are thought to have overbought stocks that they are now struggling to offload and are offering Refinitiv Eikon cargoes to international buyers or are selling them domestically at reduced prices.
Chinese imports of liquified natural gas (LNG) were at record levels in January despite high inventories caused in part by relatively warm winter temperatures. Imports reached 6.55 million metric tonnes (mt), a 2% increase compared with December, which held the previous record, according to data from Refinitiv Eikon. Importers are thought to have overbought stocks that they are now struggling to offload and are offering LNG cargoes to international buyers or are selling them domestically at reduced prices.