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LNG

China’s record LNG imports pave way for drop in February

Mild weather failed to halt China’s LNG buying in January, with volumes hitting a record high for the third consecutive month, but purchases look to have declined in February Mild weather failed to halt China’s LNG buying in January, with volumes hitting a record high for the third consecutive month, but purchases look to have declined in February.
By Colin Shek 25 February 2019 0 33973
Sinopec's LNG terminal in Beihai in the Guangxi region. (Sinopec)

China’s LNG imports hit a record high in January for the third month in a row as buyers stocked up for the Lunar New Year holiday at the start of February. The record volumes mean that inventories at LNG terminals are likely to be ample and that imports will have eased in February.

China imported 6.58 mt of LNG in January 2019, an increase of 27.8% year on year and up from the previous record of 6.29 mt set in December 2018, according to