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High LNG prices dampen China’s buying interest; winter could be swing factor

September 10, 2022 Comments Off

High LNG spot prices have dampened Chinese buying interest, forcing buyers to increasingly rely on domestic production, lower-priced pipeline gas, or even other sources of energy such as electricity and coal to meet demand, industry sources said. However, winter could lift LNG imports, which have slumped 20% year on year over January-July. “There is a huge disconnect between upstream and…