LNG supplies to China in October reached 6.42 million tons (8.349 billion cubic meters) compared to 6.9 million tons a year earlier.
At the end of October, China bought the largest amount of liquefied natural gas (LNG) in the world since the beginning of the year and for the first time in 2022 surpassed Japan in this indicator. Interfax reported this with reference to Chinese customs data on Monday, December 19.
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It indicated that LNG supplies to China in October reached 6.42 million tons (8.349 billion cubic meters) compared to 6.9 million tons last year. Japan for the same month imported 5.09 million tons.
It is known that in 2021, China for the first time bypassed Japan in terms of purchases and became the largest consumer of LNG in the world. However, since the beginning of 2022, new restrictive measures against COVID have led to a decrease in imports.
Pipeline gas deliveries to China in October reached 5.059 billion cubic meters. m after 4.649 billion cubic meters. m in September (this is due, among other things, to preventive work carried out in September on the eve of the winter season). China buys pipeline gas from five suppliers: Russia, Turkmenistan, Uzbekistan, Kazakhstan and Myanmar.
It will be remembered that during the 10 months of 2022, China reduced gas purchases by 10%. At the same time, in terms of value, gas imports grew by almost 40% to $55.19 billion.
It has also been reported that China is buying gas from the Russian Federation at half price and selling it at a higher price to Europe. But in October, the PRC authorities abandoned this work to calmly go through the heating season.
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Source: korrespondent
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