China’s LNG Buying Spree Threatens Global Gas Market Stability ...Middle East

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China’s LNG Buying Spree Threatens Global Gas Market Stability
source : OILPRICE ( Middle East ) () 36
China is back on the spot LNG market to seek cargoes for the coming winter, potentially upsetting a fragile balance in the global natural gas market just as Europe has reached its gas storage target well ahead of the November 1 deadline.   Following a record slump in Chinese gas demand and LNG imports last year prompted by Covid-related lockdowns, China’s gas consumption has risen so far this year compared to 2022, although it’s still below the growth seen up to 2021.  In recent months, China has signed a lot of long-term…

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