LNG

A rebound in coal-burn is limiting the Chinese power sector’s pull for LNG imports to 20 million tons, prompting Kpler analysts to revise down earlier projections of 35 Mt. Weather risk poses upside risk to coal-burn, with hotter summer forecast to add 50 Terawatt-hours (TWh) to China’s electricity demand.

Gazprom’s latest cooperation push with CNPC is accelerating the ramp-up of Russian pipeline gas exports to China, capping the country’s LNG demand. Gazprom aims to increase exports via additional pipeline routes such as the Power of Siberia 2 pipeline.

Market Summary: China imported 13.55mmt of LNG during December 2025 to January 2026, receiving 204 cargoes from 14 supplier countries. Australia was the leading supplier with a 28 per cent share, followed by Qatar (28 per cent) and Malaysia (11 per cent).

Market Summary: South Korea imported 8.88mmt of LNG during December 2025 to January 2026, receiving 132 cargoes from 16 supplier countries.

GAIL India and Mitsui O.S.K Lines (MOL) have signed a 10-year time charter for the LNG carrier GAIL Bhuwan in a move expected to expand India’s LNG shipping capacity, improve import logistics and support the country’s growing gas demand.

ADNOC Gas has signed a 10-year LNG sales and purchase agreement with India’s Hindustan Petroleum Corporation Ltd (HPCL) – valued at between $2.5 billion and $3 billion – to export 0.5 mtpa of LNG from ADNOC’s Das Island terminal.

Pakistan has begun to re-sell excess LNG, imported from Qatargas and Eni. Starting from January 1, the government is taking active steps to “sell this excess fuel to markets in Asia Pacific, while limiting the loss caused by it,” petroleum minister Ali Pervaiz Malik said.

Energy World Corporation (EWC) has strengthened its balance sheet by converting $434 million of debt into equity, erasing the group’s external debt to advance its 3 mtpa Pagbilao LNG regas terminal and integrated power project.

Market Summary: India, Taiwan, Thailand and Bangladesh collectively imported 10.41mmt of LNG during December 2025 to January 2026, receiving 161 cargoes from 15 supplier countries.

Market Summary: Six smaller Asian import markets collectively received 2.70mmt of LNG during Dec 2025-Jan 2026, comprising 56 cargoes from 10 supplier countries. This represents a decline of 9 percent versus the prior period (Oct-Nov 2025), though volumes were up 27 percent year-on-year.