• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 3 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 13 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 5 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 6 days Demonising fossil fuels has caused major grid problem in Australia
  • 6 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 7 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"

Breaking News:

Oil Likely To Hit $200: SEB Group

Gazprom Reduces Gas Flows To Italy

Gazprom Reduces Gas Flows To Italy

Russia's Gazprom has reduced the…

Wyoming And Colorado Are Looking To Join The LNG Party

Wyoming And Colorado Are Looking To Join The LNG Party

Energy companies in Wyoming and…

Germany Triggers Phase 2 Of Gas Emergency Plan

Germany Triggers Phase 2 Of Gas Emergency Plan

Germany has triggered the second…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Chinese LNG Imports Drop As Winters Nears End

China’s liquefied natural gas (LNG) imports increased in February compared to the same month last year, but fell from the record highs from January as the winter heating season approaches its end amid ample supplies in Asia.

According to data from China’s General Administration of Customs, cited by Reuters, Chinese imports of LNG in February 2019 increased by 9.7 percent compared to February 2018, to 4.35 million tons.

The February 2019 imports, however, were off the record high LNG imports from January 2019, when Chinese imports reached 6.55 million tons, up by 2 percent from the previous record set in December.

Chinese LNG demand is still expected to grow, but this winter season, China was better prepared to meet its natural gas needs with LNG imports.

This, coupled with milder weather in Asia for most of the winter and rising global LNG supply, has led to Asian spot LNG prices dropping this winter. Last week, spot prices for May delivery to Northeast Asia slumped to below $5 per million British thermal unit (mmBtu)—the lowest level since May 2016, traders told Reuters.

China will still see its LNG demand growing, but at a slower pace than the growth between 2017 and 2018.

China breakneck demand surge of the past two years is expected to slow down this year as Beijing is determined to avoid severe shortages by boosting pipeline connectivity, building more storage and import terminals, and raising domestic natural gas production.

“Economic slowdown, a more considered approach on coal-to-gas switching and increased domestic infrastructure availability will mean LNG demand will slow in 2019, from the 40-45% growth we have seen in 2017 and 2018,” energy consultancy Wood Mackenzie said in its 2019 LNG outlook in early January.

“But China will still grow at around 20%, by far the largest source of LNG demand growth in the global market,” according to WoodMac.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News