Skip to main content

China’s December LNG imports climb

Published by
LNG Industry,

Reuters are reporting that China’s imports of LNG hit a monthly record of 5.03 million t in December, as purchases spiked to cover a surge in demand under Beijing’s push to replace coal with gas for households and plants.

December shipments came in 24% ahead of November’s previous record of 4.056 million t, and were up 35% from a year earlier.

Full-year imports jumped 46% compared with 2016 to a record 38.13 million t, overtaking South Korea as the world’s second-largest buyer for the fuel after Japan.

Beijing’s drive to heat millions of homes and power thousands of factories in northern China with gas has caused a spike in demand, leading companies to pull in cargoes from suppliers as diverse as Nigeria, Angola and Norway.

Meanwhile the data showed aviation fuel exports rose 7.9% to a record 1.69 million t from December 2016 – when the previous record of 1.57 million t was set – and 17% from 1.45 million t in November.

Full-year exports were up 0.3% at 13.13 million t.

China’s December gasoline exports were up 29% at 1.23 million t, compared with 1.042 million in November. The total for 2017 was up 8.5% from the previous year at 10.51 million t.

Diesel exports rose 12% in December from the same month a year earlier to 1.99 million t, just shy of November’s record of 2.026 million. 2017 exports were up also 12% at 17.19 million t.

China’s total exports of refined fuel touched an all-time monthly high of 6.17 million t in December, spurred by generous government quotas granted to state oil firms to ship the surplus fuel.

Read the article online at:

You might also like

Wood Mackenzie: LNG in APAC

Gavin Thompson, Asia Pacific Vice Chair, Wood Mackenzie, comments on the future of LNG supply in APAC, stating that projects must move fast to take advantage of strong LNG prices and contracting fever.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

China LNG news


LNG Industry is not responsible for the content of external internet sites.