China restarts LNG re-exports on sufficient summer supply, stronger JKM

AI Summary

Chinese LNG buyers have resumed re-exporting liquefied natural gas after a three-month hiatus, driven by higher Northeast Asian spot prices and weaker domestic demand. This shift impacts LNG shipping flows and reflects evolving market dynamics.

Chinese LNG buyers have resumed commercial re-export activity after a three-month pause, as stronger Northeast Asian spot LNG prices and weaker-than-expected domestic demand made selling cargoes abroad more profitable than marketing them within China, according to shipping data and market sources. The LNG carrier Maran Gas Posidonia loaded about 67,695 mt of LNG from CNOOC ...