China's LNG imports increase again

Chinese customs data show that China's liquefied natural gas (LNG) imports rose by 8.3% in June 2026, reaching 5.68 million tons, after hitting eight-year lows in April due to shipping disruptions in the Strait of Hormuz and rising prices. In response to this challenge, China increased its purchases from alternative suppliers such as Malaysia, Russia, and Canada to compensate for the decline in shipments from Hormuz, while the import gap continued to narrow during the first half of the year. China’s goal is to secure its fuel needs during the summer season, with market focus on the possibility of sustained demand growth, which could put additional pressure on global supplies and ignite competition between Asia and Europe for gas shipments amid ongoing geopolitical tensions in the Middle East.

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