China's LNG Imports Rebound to 4.9 Million Tons in May as Summer Demand Nears
Updated
Updated · Bloomberg · Jun 2
China's LNG Imports Rebound to 4.9 Million Tons in May as Summer Demand Nears
1 articles · Updated · Bloomberg · Jun 2
4.9 million tons of LNG arrived in China in May, a slight year-on-year increase that marked a clear rebound after months of contraction.
Chinese buyers stepped up purchases ahead of peak summer demand, reversing a slump that had deepened when Middle East supply disruptions lifted prices.
April imports had dropped to their lowest level in eight years as the near-closure of the Strait of Hormuz pushed LNG costs higher and curbed buying.
The May recovery suggests China, the world's largest LNG buyer, is returning to the market as seasonal consumption rises.
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