Don’t expect an LNG buying binge ahead of winter from the world’s fastest growing consumer of the fuel. China will likely pull back on spot purchases of liquefied natural gas before the peak demand season as a flurry of earlier bargain buying nearly maxed out storage space. Meanwhile, seaborne and pipeline deliveries deferred during the worst of the Covid-19 pandemic are expected to finally arrive, further weakening its appetite for supplies from the open market. “There is a big question about whether demand will recover enough in September and October to digest the almost-full gas storage while pipeline imports resume,” said Miaoru Huang, a Beijing-based analyst with Wood Mackenzie Ltd. “There will be no room for more injections to underground storage by early September.” Some of China’s biggest buyers […]