China, the world’s largest buyer of LNG,  is reselling the super-chilled fuel to Europe and Asia as an economic slowdown and a boost in Russian gas supplies have created surplus inventories. 

In 2021, Chinese gas demand grew at the fastest rate on record, when year/year imports increased by 19.9%, according to the Middle East Institute (MEI). China imported more LNG in 2021 than any other country, accounting for nearly 60% of global LNG demand growth.

But 2022 has been a different story for LNG imports, proving China could become a swing player for the global gas market depending on its future gas needs. 

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