China’s LNG Imports Rebound From Eight-Year Low

AI Summary

China's imports of liquefied natural gas are rebounding from an eight-year low, with an uptick noted in shipping data. Though still below the five-year average, the recent increase marks a significant recovery from earlier drops this year.

China’s imports of liquefied natural gas are on the mend, with the 30-day moving average rising to the highest level since late February, Bloomberg reported today, citing shipping data. The number is below the five-year average, the publication noted, but higher than it was in April, when China’s LNG imports fell to the lowest in eight years, according to figures from Kpler. At the end of April, Kpler forecast China’s LNG imports would average 3.5 million tons, which would be a 30% drop from a year ago and the lowest since 2018.…