If China buys more LNG on the spot market this winter it could have an impact on what’s available to European buyers over the next few months.

“Since August, the Chinese [national oil companies] have been importing their contracted Russian volumes, while holding LNG imports relatively flat,” said Vortexa Ltd.’s Felix Booth, head of liquefied natural gas. 

“Chinese companies have been selling term cargoes on the spot market,” he told NGI, “ as domestic demand for LNG has been curbed by subdued industrial activity, growth in coal production and less expensive pipeline gas supplies.” 

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