China’s natural gas imports, including pipeline gas and LNG, increased 9.9 percent in 2023, according to customs data.
Natural gas imports during the January-December period reached about 119.97 million tonnes, the data from the General Administration of Customs shows.
China paid about $64.3 billion for gas imports in this period, a drop of 8.1 percent compared to the year before.
Moreover, the country’s gas imports reached 12.64 million tonnes in December last year, a rise from about 10.95 million tonnes in November as demand in China increased due to winter heating season.
There is currently no official data for LNG imports in December.
China has overtaken Japan as the world’s largest LNG importer last year.
China imported 62.99 million tonnes of LNG during January-November, up by 10.9 percent compared to the same period in the previous year, and up by about 3.14 million tonnes compared to Japan’s volumes.
However, Chinese LNG imports fell in 2022 to due to very high spot LNG prices and Covid lockdowns, which affected economic activity.
China’s LNG imports dropped compared to the January-November period in 2021 when China imported 71.36 million tonnes of LNG.
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
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