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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 3 days ago 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...