Thursday 28 February 2019

Even China may not be able to soak up all 2019's new LNG: Russell | Reuters

Even China may not be able to soak up all 2019's new LNG: Russell | Reuters:

Not even China’s voracious appetite for liquefied natural gas may be enough to absorb the additional supplies hitting the market this year, with the price of the super-chilled fuel potentially a casualty.

While China’s LNG imports got off to a rollicking start in 2019, it’s unlikely that will match the 41-percent growth experienced in 2018.

Imports were 6.58 million tonnes in January, a record-high and up 27.8 percent from the same month in 2018, according to customs data released on Feb. 23.

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