Chinese Demand in December and January

Tuesday, 04 February 2020

China’s m/m LNG offtake continued to grow by 0.66mmt in December, increasing robustly by 9.7% to 7.48mmt. During the last month of last year, the country thus continued its strong demand growth trajectory seen since October, significantly exceeding the demand level seen in December 2018. Consequently, Chinese demand in December represented more significant growth on a y/y basis, registering a plus of 0.83mmt (12.5%). This in turn translated into capacity utilisation of 135% in December, an increase of 15pp y/y.

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