Infographic: China’s LNG momentum: How long will it last?

Infographic: China’s LNG momentum: How long will it last?

China’s LNG imports have soared to record levels as a cold snap sweeps through the country. But a slow down in purchases have been seen in recent weeks, as importers turn away from sky-high premium.

21 January, 2021
Vortexa Analysts
Vortexa Analysts

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Key Takeaways:

  • China’s seaborne LNG arrivals in 1H January 2021 are up by 10% from the same time last month as cold winter temperatures drive up power demand.
  • Imports by top 3 provinces – Tianjin, Guangdong and Zhejiang – are up at least 15% in January vs. full month January last year.
  • But soaring Asian LNG spot premiums are starting to deter Chinese importers, reflected in a slowdown in January’s LNG loadings and ton miles demand to China.

 

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