China imported nearly 13% more LNG in the first two months of the year compared to the same time in 2023 as lower spot prices have encouraged Chinese buyers to close more deals. 

China’s imports of the super-chilled fuel reached 14.03 million tons (Mt) in January and February, up from 13.50 Mt during the same time last year, according to Kpler data.

European and Asia gas prices have declined this year amid warmer weather, strong storage inventories and lackluster demand. 

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But the lower prices have attracted more Chinese buyers to the spot market. Guangdong Energy Group Co. Ltd. issued a buy tender for 12 cargoes for delivery between July and...