Gas Markets Brace for Glut With No Sign of China Demand Rebound

Global gas traders are leaving a major industry conference in Milan without a clear consensus on when — or even if — demand from Chinese buyers will rebound, a key risk as liquefied natural gas supplies keep piling up.

While European buyers clinched a flurry of supply agreements on the sidelines of the Gastech conference this week — part of preparations for phasing out Russian fossil fuels — China has been notably subdued in the market. Traditionally, it’s among the largest purchasers and a key anchor for seaborne cargo prices worldwide.