LNG

China’s LNG imports set to end 2018 on a new high

The volume of LNG entering China looks to have climbed to a new monthly record in December as the government maintained its aggressive gasification drive The volume of LNG entering China looks to have climbed to a new monthly record in December as the government maintained its aggressive gasification drive.
By Colin Shek 7 January 2019 0 33806
CNOOC's Ningbo LNG terminal. (CNOOC)

China’s LNG imports are likely to have hit a record high for the second consecutive month in December, with the country’s biggest importers having maxed out capacity at some of their terminals to meet burgeoning gas demand throughout 2018.

Ship-tracking data suggests that China – the world’s second-largest LNG buyer after Japan – imported 6.5 mt of LNG in December. Estimates from Chinese analysts are more subdued, ranging from 6.05-6.15 mt.

The more cautious projections reflect concerns that high capacity utilisation rates will...