Chinese liquefied natural gas imports increased last month compared with the same month last year, led by shipments from Australia and Qatar, though the cargo deliveries were lower than the record set in January 2019 when winter demand was at its peak.
Chinese liquefied natural gas imports rose to a record level last month as shipments continued to be attracted by high North Asian spot prices with the main suppliers such as Qatar, Australia and Nigeria keeping up their delivery momentum.
Chinese liquefied natural gas imports rose by 38 percent in 2018 as winter shipments surged in the final two months as more natural gas supplies were brought to the northern cities such as Beijing to help reduce coal use and improve air quality.
Qatargas, the world’s largest liquefied natural gas producer and with plans to take output to more than 100 million tonnes per annum, said it signed a 22-year agreement with PetroChina to supply Chinese import terminals with around 3.4 million tonnes of liquefied natural gas.
Chinese LNG imports for the first six months of 2018 were led by nations such as Australia and Qatar as they increased by just over 50 percent to 23.90 million tonnes compared with 15.89MT in the same first six months of 2017.
Chinese liquefied natural gas imports rose 4.3 percent in April as the demand momentum remained high because of new supply contracts and import facilities to underpin increased economic development activity.
PetroChina plans to expand the Tangshan LNG import terminal that supplies the capital Beijing to become the largest of the nation’s network of 18 terminals, while the company will also start building work soon on its fourth regasfication facility.
Chinese liquefied natural gas imports in February surged 69 percent compared with the same month a year ago, led by spot shipments and cargoes from Australia, Nigeria and Qatar, though the deliveries were still short of the record volumes received in January 2018.
China imported a record amount of LNG in January, breaking the previous record set in December, as cold winter weather set in and natural gas replaced coal and coke in northern cities under a state campaign to reduce air pollution.
Chinese LNG imports in December rose by 34.8 percent to a monthly record of 5.03 million tonnes compared with the 3.73MT logged in December 2016, according to data from the General Administration of Customs.