China likely to skip winter LNG feast

Bloomberg

Don’t expect an LNG buying binge ahead
of winter from the world’s fastest growing consumer of the fuel.
China will likely pull back on spot purchases of liquefied natural gas (LNG) before the peak demand season as a flurry of earlier bargain buying nearly maxed out storage space.
“There is a big question about whether demand will recover enough in September and October to digest the almost-full gas storage while pipeline imports resume,”
said Miaoru Huang, a Beijing-based analyst with Wood Mackenzie.