China's January LNG imports rise to record high
January LNG imports rose 27.8 percent from a year earlier to 6.58 million tonnes, the highest since December, when they had also reached a new high, the General Administration of Customs said.
Surging imports were partially driven by consumption from residential users in northern China after the government's drive to replace coal heating with gas, despite falling demand from the industrial sector amid a warmer-than-usual winter.
The country shifted an additional 3 million more homes this winter to gas, which is expected to create an additional 4.53 billion cubic metres (bcm) of gas demand during the Nov. 15 to March 15 winter heating period. ■