China’s natural gas imports reached record levels in December as the country faced winter supply crunches.
Anadarko Petroleum Corp. is in talks to sate China’s increasing appetite for LNG from its planned development in Mozambique.
The industrial city of Wuhan eased restrictions on gas use on 5 January for residents facing freezing temperatures.
LNG prices in northern China have dropped more than 40% from record highs reached less than two weeks ago.
Beijing’s crackdown on pollution has put China on track to overtake Japan this year as the world’s biggest importer of natural gas.
Shipping data in Thomson Reuters Eikon shows that China’s imports of LNG will have risen by more than 50% in 2017.