China Returns to Buy Winter Gas Supply in Risk to Global Balance
- State-owned Unipec released a tender to purchase LNG shipments
- China’s absence from spot market allowed fuel to go elsewhere
This article is for subscribers only.
China is looking to stock up on liquefied natural gas for winter, returning to the spot market in a move that risks reducing supply to other importers.
Unipec, the trading arm of Sinopec, released a tender to purchase more than a dozen shipments for this winter, in addition to deliveries through the end of 2024, according to traders with knowledge of the matter.