Reported 2 days ago
China's declining liquefied natural gas (LNG) demand this winter has led to a significant decrease in imports, with current levels 12% below the four-year average. This reduction, driven by high global LNG prices and a surplus in domestic inventories, has allowed rival importers to benefit as some Chinese buyers resell shipments to take advantage of better prices abroad. Consequently, the situation in the global natural gas market remains tense due to ongoing supply challenges stemming from geopolitical issues.
Source: YAHOO