China’s LNG Imports Rise a Second Month as Demand Recovers

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessChina's LNG Imports Rise a Second Month as Demand RecoversChinese imports of seaborne gas jumped in June, as the world’s biggest buyer ramped up purchases in preparation for a spike in summer demand, even as war in the Middle East curbs global supply.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.ke}0]4dvddhso6}ymajlf(mx_media_dl_1.png China Customs(Bloomberg) — Chinese imports of seaborne gas jumped in June, as the world’s biggest buyer ramped up purchases in preparation for a spike in summer demand, even as war in the Middle East curbs global supply.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountDeliveries of liquefied natural gas rose 8.3% year-on-year to 5.68 million tons, a second consecutive monthly increase, according to customs data. Buyers are under pressure to refill inventories after disruptions in the Strait of Hormuz sent prices soaring and dramatically suppressed shipments. April’s inflows were the lowest in eight years.The Persian Gulf normally supplies about a third of China’s LNG, but the drop in cargoes is being offset by increases from other exporters, including Malaysia, Russia and Canada, according to ship-tracking data compiled by Bloomberg.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againAnd while Chinese purchases over the first half were still 5.6% below last year’s level, indications from the shipping data, specifically the 30-day moving average for LNG imports, suggest the gap narrowed again in July.China’s renewed appetite is likely to tighten global supply further, particularly as the war in Iran shows no sign of abating. The competition with Europe for cargoes promises to be especially intense as importers there gear up to restock fuel ahead of winter.Chinese shares rose following last week’s rout, after two major state funds revealed fresh purchases and as regulators are set to meet with key industry participants.India’s push to localize solar wafer production depends on Chinese technology, equipment and raw materials, exposing a key vulnerability in the country’s manufacturing ambitions.China warned its flood-control situation remains “severe and complex” as the country’s main rain belt shifted south again, prompting authorities to step up disaster preparedness.China urged Britain to protect the rights and interests of Chinese investors after the UK government nationalized British Steel, previously controlled by China’s Jingye Group.China’s solar cell exports fell for a second month in June, an indication that overseas demand is weakening after a surge in shipments earlier in the year.China sets monthly Loan Prime Rates, 09:00China’s 3rd batch of June trade data, including country breakdowns for energy and commoditiesNothing major scheduledChina solar association’s mid-year seminars in Ningbo, day 1CCTD’s weekly online briefing on coal markets, 15:00China solar association’s mid-year seminars in Ningbo, day 2China’s weekly iron ore port stockpilesSHFE’s weekly commodities inventory, ~15:30EARNINGS: CATLThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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