China boost LNG imports ahead of new cold snap

China boost LNG imports ahead of new cold snap
Illustration purposes only (Image courtesy of Sinopec)

China has reportedly snapped up about 60 cargoes, totaling over 4 million tons of LNG for delivery before a new cold snap expected in mid-February. 

Cargoes were sourced on short-term deals to meet the expected demand spike, and the 4 million tons secured are only below the 5.1 million tons secured in December and 4.3 million tons secured in December, Reuters reports.

The volumes have been sourced from Equatorial Guina, Angola, Peru, Trinidad and Tobago as well as the United States, all considered unusual sources for delivery to China.

LNG imports are backing the increase in domestic gas production that reached its highest output in December since 2014.

Temperatures in Beijing are expected to reach 15°C below 0 during the week which has prompted the country to secure LNG volumes ahead, in order to avoid issues that China faced at the end of last year, when households in the north of the country have been instructed to turn to gas for heating instead of coal.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >

Cryogenic Storage Tanks

The program committee looks forward to having the opportunity for intensive, objective and professional…

read more >