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China surpasses Japan as top LNG importer in 2023

Guangzhou (JLC), January 25 2024--China overtook Japan to become the world's largest LNG importer in 2023, according to official data from both countries.

01-25-2024 18:13:37

China overtakes Japan as world’s largest LNG importer in H1

Guangzhou (JLC), August 9, 2023 – China became the world’s largest LNG importer in the first half (H1) of 2023, overtaking its neighbor Japan, as China’s demand gradually recovered.

08-09-2023 19:16:52

China to license 49 fuel oil importers in 2022

Guangzhou (JLC), October 7, 2021--China will license another 49 companies to import fuel oil in 2022, according to a recent announcement by the country’s Ministry of Commerce (MOC).

10-07-2022 23:09:55

China’s LNG importers lock in more long-term contracts in 2021

Beijing (JLC), October 29, 2021--China’s LNG importers have signed more long-term contracts with foreign suppliers in 2021 in a bid to avoid high spot prices and ensure winter gas supply in the face of wild surges in global LNG prices amid tight supply.

10-29-2021 18:54:06

China overtakes Japan as world’s largest LNG importer in Jan-Aug

Beijing (JLC), October 18, 2021--China overtook Japan as the world’s largest LNG importer in January-August 2021.

10-18-2021 17:51:58

Amendment to crude import supervision saves money for importers

Chinese crude importers have saved both time and costs since they have been allowed to unload their cargoes before laboratory test for quality as from October 1.

11-12-2020 15:51:10

China’s importers hold flat appetite on buying Thailand’s latex despite restored margin

The import margin of Thailand latex restored gradually, but domestic importers held flat purchasing interest amid lacklustre downstream demand and expected-to-increase supply in June.

06-05-2020 17:42:14

Sinopec Tianjin LNG Terminal likely to become No. 1 importer

Beijing (JLC), December 10, 2019--Sinopec Tianjin LNG Terminal is expected to become China’s largest LNG import terminal in China in 2019, some source close to Sinopec Sales Company North China Branch said.

12-10-2019 11:33:41

Asia Pacific to become world's only net importer of crude oil

Beijing (JLC), August 26, 2019--China National Petroleum Corporation (CNPC) researchers forecast in a new report that Asia Pacific will become the only territory in the world that imports crude oil more than it exports.

08-26-2019 11:42:43

US to lose its second largest LNG importer

Beijing (JLC), May 14, 2019--China will probably raise tariffs on liquefied natural gas (LNG) from the US from 10% to 25%, which means the US will lose its second largest LNG importer. While China is less impacted as the US is not China’s main LNG importer.

05-14-2019 17:36:54

US to lift sanctions waivers to Iran’s crude importers

Beijing (JLC), April 25, 2019--The US Secretary announced on April 22, 2019 the country would stop issuing sanctions waivers to Iran’s crude importers.

04-25-2019 17:46:44

LPG importers see more profits in H1 Jan

Importing LPG has decent gross profits averaged CNY551/mt in the first half of January (H1 Jan), up about 23% from the second half of December (H2 Dec), JLC data shows

01-24-2019 09:42:17

China may be largest NG importer in 2018

China may become the largest natural gas importer in the world this year, according to the message from the 7th China International Oil and Gas Trade Congress, convened together with the first China International Import Expo held in Shanghai on November 9

11-14-2018 15:25:48

LPG importers turn profits to losses in H2 Oct

Chinese importers saw their imported LPG gross profits averaging minus CNY177/mt in the second half of October, turning from profits to losses

11-12-2018 17:26:00

Chinese importers become cautious amid gloomy trades

Shandong (JLC), October 9, 2018--The imported natural rubber latex increased significantly in September 2018, while slack domestic demand made holders suffer losses. Thus, Chinese importers become prudent amid sluggish market.

10-09-2018 18:04:22

China styrene plants' profits are much higher than that of importers

Shandong (JLC), August 23, 2018--At present, China styrene plants had high profits. However, that of importers was low, and they faced high cost pressure.

08-23-2018 16:26:42

Importers held cautious attitudes amid RMB exchange rate depreciation

07-23-2018 14:00:40

LPG Importers get back to the black on worse Sino-US trade war

Importers had strong will to push up LPG prices in early and mid-July, with losses turning into gains, due to the postponed imported LPG arrivals on some wharfs and trade tensions with the US.

07-18-2018 13:54:24

LPG importers cut their imports in April to lower risks

China's LPG importers cut their spot imports in the first half of April to lower the probable risks, as downstream users were reluctant to purchase amid ample inventory and bearish expectation.

04-19-2018 11:28:00

LPG importers cut imports to ensure profit in H1 April

LPG importers in China cut their spot purchases amid weakened demand to ensure profits in April. The imports in April are expected to be 1.2-1.3 million mt, down from March

04-18-2018 18:12:19

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