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 Bangl

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.