China’s LNG Imports Fall for 13th Straight Month as Domestic Output Surges

China’s imports of liquefied earthy state are acceptable to diminution for the 13^th period successful a enactment successful November amid higher home accumulation and pipeline imports, Bloomberg has reported, citing Kpler data.

The country’s November full successful imports is seen astatine 5.81 cardinal tons, which would beryllium a 5.5% diminution from a twelvemonth ago, Kpler said. The diminution would beryllium importantly smaller than the ones registered for the erstwhile 2 months, some of which were astatine implicit 10% connected the year.

Last year, China saw a surge successful LNG and pipeline state imports arsenic it sought to capable its retention caverns. Over conscionable the archetypal fractional of the year, full earthy state imports saw an yearly summation of 14.3%, reaching 64.65 cardinal tons. After the unreserved to capable storage, imports of earthy state weakened arsenic facilities were afloat astatine capacity.

This year, LNG request has softened considerably arsenic Chinese earthy state accumulation continued to grow successful enactment with plans to boost reliance connected home vigor commodity supply. Earlier successful the year, home state accumulation deed an all-time high, bringing LNG imports to the lowest successful six years, down by 19% connected the twelvemonth implicit the archetypal 7 months of 2025. Since then, the diminution has continued.

President Donald Trump’s tariff violative against Beijing besides affected demand, arsenic the second retaliated with an import tariff connected U.S. energy, which led to a slump successful shipments to zero for LNG and crude oil.

Meanwhile, China has been importing much earthy state from Russia via the Power of Siberia pipeline. The 2 countries finalized talks successful September on an enlargement of the pipeline that would spot its capableness emergence to implicit 100 cardinal cu m annually—almost adjacent to the capableness of the duplicate Nord Stream pipelines that were built to export state to Germany.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com

• COP30 Drops Draft connected Transition Away from Fossil Fuels

• Equinor Secures Major 10-Year Gas Deal With Czech Republic

• European Natural Gas Plummets to 18-Month Low

Oilprice Intelligence brings you the signals earlier they go front-page news. This is the aforesaid adept investigation work by seasoned traders and governmental advisors. Get it free, doubly a week, and you'll ever cognize wherefore the marketplace is moving earlier everyone else.

You get the geopolitical intelligence, the hidden inventory data, and the marketplace whispers that determination billions - and we'll nonstop you $389 successful premium vigor intelligence, connected us, conscionable for subscribing. Join 400,000+ readers today. Get entree instantly by clicking here.