global-hydrogen-hub global-hydrogen-hub global-hydrogen-hub
Global LNG Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global LNG Hub
No Result
View All Result
Home Featured

China’s LNG Imports Soar amid Growing Demand, but Will it Last?

Editor by Editor
2 years ago
Reading Time: 2 mins read
China-LNG-demand
Share on FacebookShare on TwitterShare on Linkedin

China’s LNG imports increased for the seventh month in a row in August. The Asian country received 6.3 million tons of LNG, 34.1% higher compared to the same month last year, data released by China’s General Administration of Customs showed.

RELATED POSTS

Plaquemines LNG

European LNG imports surge by a staggering 40%

4 days ago
LNG-supply-wave

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

2 weeks ago
Chinas-gas-consumption

China’s role in the global LNG market may become less dominant

2 months ago

August’s growth rate was exceptionally high given that last year’s imports hit rock bottom due to Beijing‘s strict measures to control COVID-19. This figure is also higher than LNG imports in July, which stood at 5.86 million tons. It could be the result of fear of supply shortages because of the labor strike in Australia, which ended last week.

In 2022, China’s LNG imports significantly dropped by 20% year-on-year, reaching 63.44 million tons. This came after China surpassed Japan as the world’s top LNG importer in 2021, with imports reaching an all-time high of 79.3 million tons, representing 21.2% of the global LNG trade.

Last year’s sharp decline was the result of weak demand in China’s industrial sector amid COVID-19 control measures, and high spot LNG prices due to European appetite for LNG.

However, since the start of 2023, China’s economy has shown some early signs of demand growth for natural gas in the power generation, commercial and residential sectors. In February, China’s LNG imports saw the first monthly growth of 8.2% compared to the same period last year.

Lower LNG prices compared to the historical record highs of last year, and the recovery in industrial activity sustained a double-digit growth rate of LNG imports in the following months.

According to ship tracking data compiled by the EOA, China imported a total of 45.7 million tons of LNG from spot and long-term markets during the first eight months of this year, an uptick of 12.1% compared to the same period in 2022 (see chart).

The EOA’s early estimates match those of China’s customs data which showed that LNG imports totalled 45.5 million tons during this period. LNG imports so far in 2023, however, are still lower compared to the same period in 2021 when China imported 51.81 million tons of LNG (higher by 12%).

Source: Anas Alhajji, Energy Outlook Advisors


RELATED POSTS

Plaquemines LNG

European LNG imports surge by a staggering 40%

4 days ago
LNG-supply-wave

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

2 weeks ago
Chinas-gas-consumption

China’s role in the global LNG market may become less dominant

2 months ago
Tags: Anas AlhajjiChina LNG demandChinese LNG importsEnergy Outlook Advisors
Editor

Editor

Related Posts

Plaquemines LNG
LNG Contracts & Pricing

European LNG imports surge by a staggering 40%

4 days ago
LNG-supply-wave
LNG Demand

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

2 weeks ago
Chinas-gas-consumption
LNG Contracts & Pricing

China’s role in the global LNG market may become less dominant

2 months ago
US-LNG
LNG Demand

The embargo isn’t stopping the U.S. LNG train

3 months ago
global-LNG
LNG Demand

How the global LNG market balanced in Q1 2025

3 months ago
global-gas-demand
LNG Demand

Another golden age of gas begins

4 months ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

LNG-prices

Weekly review of natural gas and LNG prices

June 25, 2025
LNG-supply-wave

LNG liquefaction capacity to increase by a staggering 300 bcm/y by 2030

June 25, 2025
Plaquemines LNG

European LNG imports surge by a staggering 40%

July 3, 2025

Recent Post

Plaquemines LNG

European LNG imports surge by a staggering 40%

July 3, 2025
LNG-prices

Review of natural gas and LNG prices

July 2, 2025
natural-gas-prices

Middle East crisis fuelled strong price volatility across Asian and European markets

July 1, 2025
risk-premium-LNG

All eyes on LNG demand as gas prices recede

June 30, 2025
gas-price-volatility

Israel – Iran tensions drive gas price volatility

June 30, 2025
LNG-pricing

The share of hub-based LNG pricing rose to over 50% for the very first time in 2024

June 27, 2025
LNG-HUB-Logo

Online platform for sharing analysis and information on Global and regional LNG markets. Weekly newsletter each Wednesday more info

Categories

  • Asian LNG
  • Australian LNG
  • European LNG
  • Global LNG
  • LNG Africa
  • LNG Bunkering
  • LNG Latin America
  • LNG North America
  • LNG Projects
  • LNG Trade and Pricing
  • Middle East LNG
  • Small Scale LNG
  • FLNG

Recent Posts

European LNG imports surge by a staggering 40%

Review of natural gas and LNG prices

Middle East crisis fuelled strong price volatility across Asian and European markets

Energise your Wednesday!

Sign up to receive our weekly newsletter with new LNG market reports, presentations & analysis. Every Wednesday!

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalLngHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • LNG Industry Association
    • LNG Market Advisors
    • Government Body
    • LNG Market Information
    • LNG Legal Advisors
    • LNG Research Institute
    • LNG Training & Education
  • Other Hubs
    • GLOBAL MARITIME HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • GLOBAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalLngHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.