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China’s LNG imports down for first time in three years

Volumes fell to 4 mt in October after an outage at an eastern terminal limited flows, but the failure of other sources to pick up the slack suggests the market is oversupplied Volumes fell to 4 mt in October after an outage at an eastern terminal limited flows, but the failure of other sources to pick up the slack suggests the market is oversupplied.
By Colin Shek 25 November 2019 Asia Pacific / Supply & Demand 0 34820
Pipelaying for Power of Siberia. (Gazprom)

China saw a year-on-year decline in its imports of both LNG and pipeline gas in October as an oversupplied domestic market and an outage at a key receiving terminal on the eastern seaboard limited inflows into Asia’s largest gas market.

LNG imports fell to 4.04 mt last month, down by 11.6% from a year ago, according to figures released on Saturday by the General Administration of Customs. This represents the first annual drop in China’s LNG imports since July 2016 and was the...