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China’s LNG Imports to Extend Slump into April as Demand Slows
China’s imports of liquefied natural gas are set to fall by more than 20% this month compared with a year ago, extending a slump in purchases by the world’s biggest buyer of the fuel.
The country is expected to import 4.9 million tons in April, the sixth month in a row where it will see a decrease compared with the previous year, according to Kpler, an analytics firm that tracks ship data. China’s LNG deliveries are down by more than 20% so far this year, with demand lagging behind Japan for the past few months.