Energy
China’s March LNG Imports Poised for 8-Year Low as Prices Spike
Storage silos at the LNG terminal at the Yangshan Deep Water Port in Shanghai, China.
Photographer: Qilai Shen/BloombergChina’s liquefied natural gas imports this month are on pace to hit the lowest level since 2018, according to ship-tracking data compiled by Kpler, as a price spike caused by the conflict in the Middle East curbs demand.
Imports are estimated below 3.7 million tons for March, according to Kpler, which uses shipping data to predicts deliveries. If confirmed, that would be a decline of about 25% from the same month the year before.