China’s Imports of Natural Gas Fall Amid Sluggish Domestic Demand

What’s new: China’s imports of natural gas dropped 19.6% year-on-year to 8.1 million tons in April, the General Administration of Customs (GAC) said on Wednesday. Meanwhile, imports of liquefied natural gas (LNG) fell 34.5% year-on-year.

Importers have been less willing to place spot trade orders this year due to high energy prices and the impact of the Covid-19 pandemic, the GAC said. The average price of imported LNG was 4,423 yuan ($654) per ton last month, up 87% year-on-year.