Menu

Search

  |   Economy

Menu

  |   Economy

Search

China LNG Imports Rise in December as Long-Term Contracts Drive Growth

China LNG Imports Rise in December as Long-Term Contracts Drive Growth. Source: Bill Chizek Photography/Alamy

China’s seaborne imports of liquefied natural gas (LNG) are expected to reach around 7.17 million tons in December, according to shipping data tracked by Kpler. This projected volume represents a modest year-on-year increase and marks the second consecutive month of annual growth when compared with official Chinese LNG import statistics. The data highlights a gradual recovery in China LNG imports after a period of volatility driven by global energy market disruptions and fluctuating demand.

The December LNG import level follows a strong rebound in November, when Chinese buyers significantly increased their intake. Market participants suggest that this recent growth is largely supported by long-term LNG supply contracts rather than spot market purchases. Chinese energy companies appear to be relying more heavily on contracted volumes to secure stable supply and manage price risk, especially as global LNG market conditions remain uncertain.

Industry analysts note that Chinese firms are also retaining a larger share of their contracted LNG cargoes instead of reselling them to overseas markets. In previous months, higher spot LNG prices in Europe and other regions created strong arbitrage opportunities, encouraging Chinese buyers to divert or resell cargoes for profit. However, the recent decline in spot LNG prices has reduced the financial incentive to engage in such resale activity.

As a result, more LNG is being directed toward domestic consumption, supporting China’s energy security goals and helping meet seasonal demand during the winter period. The increase in LNG imports also reflects steady natural gas consumption in China, driven by power generation, industrial use, and residential heating needs.

Looking ahead, analysts expect China’s LNG import trends to remain closely tied to global price movements, long-term contract structures, and domestic energy policies. While spot market activity may stay subdued in the near term, long-term agreements are likely to continue playing a central role in shaping China’s LNG import strategy. Overall, the December figures suggest a cautiously improving outlook for China’s LNG imports, reinforcing the country’s position as one of the world’s largest LNG buyers.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.