China’s LNG Slowdown Is Set to Reshape the Global Gas Trade
Market Intelligence Analysis
AI-PoweredChina's liquefied natural gas (LNG) demand is projected to decline by 5% this year, potentially losing its status as the largest LNG importer to Japan. This marks a significant shift in the global gas trade dynamics, as China's imports have been decreasing for 13 consecutive months.
Market impact analysis based on bearish sentiment with 81% confidence.
Article Context
China’s demand for liquefied natural gas is on course for yet another annual decline this year, estimates from BloombergNEF suggest. The outlet expects Chinese LNG demand to be 5% weaker this year than last, at 73 million tons. Such a development would dethrone China as the largest LNG importer in the world, with the dubious import-dependence crown going to Japan. The BloombergNEF forecast follows reports earlier this week that revealed China’s LNG imports have been on the decline for 13 months straight. The country’s November…
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