China resumes LNG purchases in addition to its long-term contracts

According to Bloomberg, Chinese companies are again purchasing liquefied natural gas (LNG) cargoes to supplement long-term contracts. Last week, firms acquired at least two shipments at $10 per million British thermal units (MMBtu). At this price level, additional purchases are possible this week, the agency reports.

This move marks a turning point for Chinese companies that had reduced gas imports due to unfavorable domestic prices. China remained the world's largest LNG importer in 2024. However, Bloomberg notes the country's January-April 2025 gas shipments fell approximately 24% year-over-year.

Consistent LNG purchases by China and other nations could help slow the decline in gas prices across Asia and Europe. Prices in both regions have fallen amid concerns about economic slowdowns due to global trade tensions, the agency clarifies.