China is set to post a record drop in LNG imports this year, the largest decline since it began LNG imports in 2006, according to Wood Mackenzie
The country, currently the world’s largest importer of LNG, will see imports fall over 14% year-on-year to 69m tons in 2022, the research firm said.
The weakening demand is being blamed on a confluence of factors including economic slowdown, rising gas import prices, policy support for clean coal and a warmer-than-usual winter.
