China LNG imports down in 2015

LNG imports into China reached 19.63 million tonnes in 2015, down 1 percent year on year, according to the General Administration of Customs data.

China, the world’s largest energy consumer, imported 2.1 million tonnes of liquefied natural gas in December, an increase of 4.6 percent, the data showed.

The National Development and Reform Commission (NDRC) of China announced in September 2015 it will slice domestic gas prices to help boost demand for LNG and pipeline supplies.

China’s LNG importers have been struggling last year due to the country’s weak demand for the fuel amid an economic slowdown.

High inventories and low domestic demand prompted China’s CNNOC to sell some long-term LNG volumes onto the spot market.

LNG World News Staff