China’s LNG Imports Collapse to Six-Year Low as Prices Surge

China’s imports of liquefied natural gas this month are expected to be the lowest since 2018, based on data from Kpler, Bloomberg has reported, citing soaring prices. April LNG arrivals are seen at 3. 5 million tons, which would also be a 30% drop on a year ago, the report said.

An earlier report by Reuters pegged China’s LNG imports for April at 3. 36 million tons, again based on Kpler figures, comparing that to a total 7. 66 million tons for December, during the seasonal demand peak.