China LNG resales expand as surplus contracts turn buyers into competing suppliers

Bar chart showing CNOOC's LNG chartering capacity projections from 2026–2028: directly chartered ~0.4 Mkm3, subchartered ~1.2 Mkm3, on order ~2.3 Mkm3, charters expiring by 2028 around 2.2 Mkm3, and potential controlled charters in 2028 ~2.0 Mkm3.

China LNG resales are becoming an increasingly important feature of global trade as domestic demand struggles to keep pace with contracted supply. Flexible purchase agreements allow Chinese companies to sell cargoes into other markets, while investment in shipping and trading strengthens their ability to manage surplus volumes. This shift creates additional competition for exporters counting on China to absorb new […]

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