Major Chinese liquefied natural gas (LNG) importers are now offering to resell some cargoes on the spot market this year, suggesting that China has stocked up more than enough to see it through the winter and easing concerns about the global gas crunch. Natural gas prices fell on Wednesday and Thursday after reports emerged that major state-owned LNG importers in China have turned to the spot market to sell some cargoes. The trading arm of China Petroleum & Chemical Corporation, or Sinopec, issued this week a sales tender to sell dozens of LNG cargoes for delivery between February and October, traders familiar with the matter told Bloomberg on Wednesday. According to the traders, this will be the first time that Sinopec has offered to sell such a large number of LNG cargoes, up to 45. China National Offshore Oil Corporation (CNOOC), the largest Chinese importer of liquefied natural gas, […]