labels: LNG
China imports record amounts of Russian LNG, doubling in 2 amid massive sanctions.
Bloomberg News reported on December 21, 2565 that China imported a record amount of Russian liquefied natural gas (LNG) last month. Meanwhile, sales of crude oil and coal also surged. Because other buyers Boycott Russian energy products due to aggression in Ukraine.“Japan” warns that “Global LNG” will intensify in the next 3 years due to underinvestment. It may push the price up.
Japan has warned that competition for global liquefied natural gas will intensify over the next three years as investment in supply is too low.“China” suspends LNG sales to Europe-Asia Hoping to support domestic production adequately during the winter.
The National Development and Reform Commission has asked PetroChina Co., Sinopec and Cnooc Ltd. to store winter goods for domestic use. Sales, though, have provided some relief to European buyers. But rapid inventory replenishment and record shipping costs are also reducing the attractiveness of re-shipping fuel.Morgan Stanley expects "LNG prices" to continue rising in 66-67, keeping an eye on European demand. Moreover, world production is intensifying.
Bloomberg News reported on October 8, 2565 that Morgan Stanley estimates that the price of liquefied natural gas (LNG) is likely to increase in 2566 and 2567, seeing increased demand for the fuel in Europe. This has caused global supply competition to intensify.
