China to see a LNG import gap of 2.696 million tonnes in Q2
Given geopolitical tensions in the Middle East, China's LNG imports are expected to decline year-on-year in Q2 2026. However, as Golden Pass LNG capacities come online ahead of schedule, the global tight balance is expected to ease around September.
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China's LNG imports in April are estimated at 3.27 million tonnes, down 18.3 per cent month-on-month and 29.5 per cent year-on-year, the steepest monthly decline since early 2024. Attacks on two main LNG trains at Qatar's Ras Laffan in March and two-week shutdowns at Australia's North West Shelf LNG terminal led to a single-month supply gap of about 1.367 million tonnes.
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