China’s monthly LNG imports reached their highest level since January 2022: Global gas report – June

Pipeline gas imports to the EU continued to decline in June 2023, fallingby 8% m-o-m, to reach11.6bcm. However, the pace of y-o-y growth in global LNG imports accelerated to 6.8%, reaching32.8Mt. This growth was driven by a strong rebound in the Asia Pacific region, led by China. China’s monthly LNG imports reached their highest level since January 2022, and the region’s LNG imports rebounded to the same level in 2021. In fact, the level of gas imports in China, including both LNG and PNG,continued to surge m-o-m, reaching their record level for the month of June.