China Oct LNG Imports Fall 12% on Year to 4 mil mt

China’s imports of LNG fell 11.5% year on year to 4.04 million mt in October, and were down 20.7% month on month, calculations based on latest data from the General Administration of Customs showed Tuesday.

Market sources attributed the decline to a domestic economic slowdown, a long shutdown at PetroChina’s Rudong LNG terminal, the relaxation of China’s coal-to-gas switching policies and stricter emission restrictions and lower industrial activity during the country’s 70th National Day holiday in early October.

The import cost for October LNG arrivals averaged…

View entirety: Platts