China’s February LNG Imports Climb to Highest Ever for the Month
- Decline in spot prices spurred additional purchases into China
- LNG deliveries to China to increase 8% this year, CNPC says
This article is for subscribers only.
China’s liquefied natural gas imports for February jumped to the highest ever level for that month, as a drop in spot prices spurred additional purchases of the fuel.
Deliveries rose to more than 5.5 million tons, a 15% increase from a year earlier, according to ship-tracking data compiled by Bloomberg. That’s the first time China’s monthly imports have broken a record since 2021, before the global energy crisis sent prices surging and as virus lockdowns dashed demand.