China boosts gas imports for summer
China is increasing its liquefied natural gas imports to compensate for reduced shipments from Qatar and to meet the rising electricity consumption during the summer, with the average daily deliveries reaching 178,000 tons— the highest since February— continuing to grow since April. The conflict in the Middle East has led to decreased shipments from the Gulf region, which has been offset by increased imports from Canada, Malaysia, and Russia. Meanwhile, competition for shipping capacity is intensifying ahead of the winter storage season. This growth in demand could exacerbate challenges in the global gas market, especially as European deliveries have declined since March.
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