China’s LNG Buyers See Virus Curbs Cutting Demand Through Summer
- North China LNG imports could drop 45% through August: survey
- Virus restrictions and high prices expected to weigh on demand
A police officer mans a checkpoint on a near-empty road during a lockdown in Shanghai.
Source: Bloomberg
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Liquefied natural gas buyers in Northern China are concerned virus-linked curbs on travel and industry will persist through summer, further limiting demand.
Respondents to a government survey expect LNG imports in Northern China, which accounts for about a third of the nation’s deliveries, to drop by at least 20% for the three months through August compared with a year earlier, according to people familiar with the results.