Spot LNG cargoes, term contract volumes heard being resold China’s March LNG imports fall 18% on year Trucked LNG prices for coastal terminals, inland plants fall on weak demand China, the world’s largest LNG importer, has become a seller of LNG export cargoes as domestic demand wanes amid pandemic movement curbs in Shanghai and fears of similar restrictions being imposed elsewhere in the country as authorities move decisively to stem the spread of COVID-19. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Except for the big three national oil companies – PetroChina, Sinopec and CNOOC– which have an obligation to ensure natural gas supply, others LNG importers were heard to have resold many of their LNG imports recently,” a trade source with an LNG terminal in south China told S&P Global Commodity Insights. LNG terminals were still profiting from selling long-term LNG […]