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China's LNG imports rebound in June as summer heat drives power demand

Irina Slav

5d ago· 2 min readenNews

finance business energy commodities

Summary

China's LNG imports are rebounding in June 2024, projected at 5.29 million tons — flat year-on-year but up from May's 4.9 million tons. The recovery is driven by surging summer power demand from air conditioning, lower inventories, and weaker domestic gas production. This follows several months of import declines caused by Middle East supply disruptions and higher prices. Despite the rebound, China continues to rely heavily on pipeline gas and coal.

Source

bskyChina's LNG imports rebound in June as summer heat drives power demandoilprice.com

Key quotes

· 3 pulled

China's imports of liquefied natural gas this month are likely to be unchanged on last year's, Kpler has forecast, seeing arrivals of a total of 5.29 million tons

The June total, however, would be an increase on May LNG imports, which stood at 4.9 million tons, as demand growth intensifies, driven by air-conditioning in the summer

The May figure was a reversal of import trends from the previous few months, which booked a series of declines amid crimped supply from the Middle East that led to significantly higher prices, dampening importers' appetite

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China's LNG imports are recovering as hotter weather, lower inventories, and weaker domestic gas production drive renewed demand despite the country's continued reliance on pipeline gas and coal.

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