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China’s Shopping for Natural Gas on Hopes Lockdowns Ease in the Summer

  • Some buyers seek cargoes from August, if the price is right
  • Traders eye demand rebound as Shanghai begins to unwind curbs

China is shopping around for liquefied natural gas shipments on speculation that easing virus restrictions will boost economic activity and demand for the super-chilled fuel.

After months of absence, some of the nation’s LNG importers are inquiring about buying cargoes for delivery from August onward, when demand is expected to rebound, according to traders with knowledge of the matter. Still, spot prices would need to fall further before executing any deal, they said.