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Markets & Forecasts

Chinese LNG import growth rate eases in August

Volumes followed the strong upward trend seen earlier in the year, but the growth rate is down from 2018 Volumes followed the strong upward trend seen earlier in the year, but the growth rate is down from 2018.
By Menelaos Vakalopoulos 9 October 2019 Asia Pacific / LNG 0 34664
Chinese LNG imports

The growth rate of China’s LNG imports eased in August 2019 as a result of lower industrial demand and higher domestic gas production. Volumes increased by 10.6% on an annual basis and 6.3% on a monthly basis, to 5.2 mt, but the year-on-year growth rate was much lower than in 2018, when it reached around 49%.

The country’s gas demand growth has been supported by government efforts to reduce air pollution by switching from coal to gas...