Chinese LNG imports dropped by almost 18 percent in March to their lowest level in two years as Covid-19 shutdowns in cities such as Shanghai curbed economic and industrial activity as well as fuel demand and led to Japan overtaking China as the largest North Asian importer last month.
Chinese natural gas imports, including LNG shipments and pipeline gas, jumped last month but the figure was so high mainly because in the year-ago period China was at the height of its Covid-19 economic slowdown and deliveries were cancelled.
July 14 (LNGJ) - Chinese natural gas imports rose by 10.2 percent in June by pipelines and as liquefied natural gas and amounted to 8.33 million tonnes compared with 7.56MT in June 2019. For the first half of the year through June 2020, China’s natural gas imports were up 3.3 percent to 48.36MT, according to data from the General Administration of Customs. China imports LNG from all the main producers and pipeline gas from Myanmar, Turkmenistan, Kazakhstan, Uzbekistan and Russia.
Woodside Petroleum Chief Executive Peter Coleman, whose company has substantial stakes in three Australian LNG plants and is a partner in a US project at Port Arthur in Texas, told the World Energy Conference in Washington DC that investment in strategic natural gas pipelines only gives an illusion of security of supply.