Energy · 3 views
China Cuts LNG Imports as Cheap Domestic Gas Undercuts Global Prices
What I Cover Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… China is importing less liquefied natural gas despite the start of peak demand…
AI Summary
China is reducing its liquefied natural gas (LNG) imports even as the peak demand season begins, because an abundant domestic gas supply has driven prices lower. The national average price for LNG fell to $21.97 per million British thermal units, according to Bloomberg. This price is roughly $10 cheaper than the benchmark for Japan and Korea, indicating that China’s cheaper home gas is undercutting global LNG pricing.
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