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China's LNG Imports Plummet 12% Amid Market Shift

7/28/2025

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Summary

Story summary

China, once the world's largest importer of Liquefied Natural Gas (LNG), has seen a staggering 12% drop in imports year-on-year as of June 2025. This decline stems from a surge in pipeline imports from Russia, sluggish industrial demand, and halted U.S. LNG shipments due to tariffs, shaking up global energy markets and Asian LNG prices.

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Story summary

China, once the world's largest importer of Liquefied Natural Gas (LNG), has seen a staggering 12% drop in imports year-on-year as of June 2025. This decline stems from a surge in pipeline imports from Russia, sluggish industrial demand, and halted U.S. LNG shipments due to tariffs, shaking up global energy markets and Asian LNG prices.