China’s imports of liquefied natural gas are poised to drop for the first time in more than three years as buyers grapple with an outage at a key receiving terminal and hefty stockpiles. The slide can be partially attributed to an outage at the Rudong LNG terminal, which has beenshutsince late September after it was damaged during a typhoon. No LNG tankers arrived at Rudong last month, according to the berth data, compared with vessels carrying about 727,000 tons in October 2018. A milder summer also left buyers in China with larger-than-normal stockpiles leading into the winter demand season, which slowed purchases for October-arrival cargoes. https://www.bloomberg.com/news/articles/2019-11-01/china-lng-imports-slide-1st-time-in-3-years-on-outage-stocks
LNG Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held