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Project Insights

China’s LNG imports continue to stagnate in October

China’s LNG imports continued their lull in October, potentially dampening the outlook for Chinese demand at a time when new liquefaction capacity in Australia and the United States is set to start up.
By Tang Tian 1 December 2014 Asia Pacific / Supply & Demand 0 14322

China’s LNG imports continued their lull in October, potentially dampening the outlook for Chinese demand at a time when new liquefaction capacity in Australia and the United States is set to start up.

Chinese imports grew by 1.82% in October year on year to 1.38 mt, according to data from the country’s General Administration of Customs. Shipments were down slightly from 1.39 mt in September.

But while import volumes barely changed, their cost was up by a third from last year, rising from $665 million to $885...