26 May | Gas

Rising gas production and pipeline supplies slow China's LNG demand — Reuters

Rising gas production and pipeline supplies slow China's LNG demand — Reuters

In recent years, China has experienced a significant increase in gas production and pipeline fuel imports. This has reduced the country's purchases of liquefied natural gas (LNG) and kept the prices relatively stable. Nevertheless, the industry expects LNG demand to grow in the long term, Reuters reports.

According to customs data, imports of liquefied natural gas to China fell to 20 million tons in the first four months of this year, compared to nearly 29 million tons in the same period last year. This decrease was due to warm weather, high LNG prices, and the imposition of a 15% tariff on US cargoes. However, Chinese companies forecast growth in the country's consumption of the fuel by 2030–2040.

At the same time, Shell notes that LNG in China will be used primarily in agriculture and transportation, rather than in the energy sector. Experts particularly emphasize the transition of diesel trucks to liquefied fuel.

Anton Volkov MarketCheese
Period: 06.06.2025 Expectation: 1500 pips
Selling SPX on rising US consumer inflation
Today at 09:20 AM 2
Period: 13.06.2025 Expectation: 30000 pips
Buying ETHUSD with $3000 target with resistance breakout underway
Yesterday at 11:20 AM 50
Period: 30.05.2025 Expectation: 100 pips
Natural gas depreciates due to temporary halt of Freeport LNG facility in Texas
Yesterday at 11:01 AM 40
Period: 06.06.2025 Expectation: 2500 pips
USDJPY soars amid blocking of Trump’s trade duties in court
Yesterday at 09:01 AM 48
Period: 06.06.2025 Expectation: 300 pips
Buying Brent crude up to $68 per barrel
Yesterday at 08:35 AM 42
Period: 04.06.2025 Expectation: 1000 pips
NVIDIA stocks rise amid expectations for release of results for Q1 of 2025
28 May 2025 76
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Go to forecasts