China’s liquefied natural gas (LNG) imports are on track to fall to their lowest
level since 2018 in March, according to Kpler ship-tracking data, as a price
surge driven by Middle East disruptions reduces demand. Estimated imports are
below 3.7 million tons, about 25% lower year-on-year, reflecting weaker spot
buying and a shift toward domestic gas and pipeline supply. The latest drop
signals continued soft demand across Asia, with knock-on effects already seen in
countries like India and Bangladesh, where gas supplies to some industries have
been curtailed.
