China’s Oct LNG imports rise YoY

Liquefied natural gas imports into China, the world’s largest energy consumer, rose 15.1 percent in October year-on-year, according to the General Administration of Customs data.

China imported 1.84 million mt of the chilled fuel in October, as compared to 1.6 million mt in 2015, the data shows.

According to the data, China paid about US$645 million for LNG imports in October, down 2.2 percent on year.

The LNG import figures in the January-October period rose 25.4 percent on year.

The data reveals that China imported 19.7 million mt of the chilled fuel in the mentioned period as compared to 15.7 million mt the year before.

China started importing LNG in 2006 and is currently the world’s third largest LNG importer– representing about 8% of global LNG imports in 2015.

The country’s LNG imports are expected to significantly rise in the next five years as it as it is seeking to cut its addiction to coal to reduce pollution.

LNG World News Staff