China's LNG Imports Slump Amid Middle East Conflict-Driven Price Hikes
China's liquefied natural gas imports are expected to decline for the second consecutive month due to high prices triggered by the Middle East conflict. According to Kpler, deliveries are forecast at around 5.3 million tons in September, which is roughly 8% below a year earlier based on customs data.
The surge in prices has curbed demand, leading to the decline in imports. This trend is expected to continue, with China's LNG imports set to fall for the second month.