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China Ramping Up LNG Buying in Anticipation of Summer Heat
China’s imports of liquefied natural gas are surging as the nation steps up purchases to cope with rising electricity consumption over the hotter summer months.
The country’s 30-day moving average for deliveries has jumped to 178,000 tons a day, the highest since early February, before the start of the war in the Middle East. Volumes, which have been rising since mid-April, are approaching the five-year seasonal average.