LNG

Chinese liquefied natural gas imports increased by over 28 percent last month, though the recovery in cargo deliveries may not be enough to recapture the No. 1 global LNG importer position in 2023 that was ceded to Japan in 2022.

The Russian government has reduced its target for energy cargo transportation to China and Asian nations by the Northern Sea Route with only shipments of LNG close to meeting projected volumes and cargoes of coal and oil falling short.