China increased LNG imports by 28% in September
Despite a significant increase compared to the previous year, when significant sanitary restrictive measures were in effect in China, the current figure is still far below the level of September 2021 (6.169 million tons).
OREANDA-NEWS LNG was supplied to China from 12 countries in September (there were 13 in August 2023, 9 in September 2022).
The volume of re-export of liquefied natural gas amounted to 87 thousand tons, or 1.7% of the volume of LNG received, whereas a year ago the activity in the field of resale was twice as high. In particular, one large-tonnage batch was redirected to Japan, the rest fell on small deliveries.
Russia delivered 0.75 million tons of LNG (973 million cubic meters) to China in September 2023. m), which roughly corresponds to the level of August 2023 and September 2022. Large-capacity LNG in Russia is produced by Sakhalin Energy plants (co-owners are Gazprom, Mitsui and Mitsubishi), as well as Yamal LNG (participants are NOVATEK, TotalEnergies, Chinese CNPC and SRF).
In terms of LNG supplies to the PRC market, Russia ranked third in September after Australia (1.75 million tons) and Qatar (1.222 million tons).
As usual, pipeline gas supplies to China in September are declining in relation to neighboring months due to preventive maintenance. Gazprom officially announced the shutdown of the Power of Siberia gas pipeline in September for a week. Turkmen exports also show similar dynamics of Russian supplies to September.
In September 2023, China received 4.704 billion cubic meters of natural gas through pipelines after 4.649 billion cubic meters a year earlier. Beijing buys pipeline gas from five countries: Russia, Kazakhstan, Turkmenistan, Uzbekistan and Myanmar.