Asia’s LNG imports stay soft in July as Europe draws cargoes


The decline in imports by China and India comes as spot LNG prices for delivery to North Asia remain at elevated levels. — Reuters

ASIA’s run of subdued imports of liquefied natural gas (LNG) is set to extend for another month in July, with the top-importing region on track for a tiny increase from June.

Asia’s imports of LNG are estimated at 22.07 million tonnes in July, up from 21.80 million in June, according to data compiled by commodity analysts Kpler. On a per-day basis July’s figure is 722,000 tonnes, which is slightly down from 727,000 in June.

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