EnergyReader · 2026-08-04 03:38

Mitsui Bets on LNG as China Routes Demand to Russian Pipelines

By EnergyReader Newsroom · August 4, 2026

China cut liquefied natural gas imports by 8.9 million tonnes in 2025 to 69.77 million tonnes, the International Gas Union reported in its annual world LNG report published on 19 July (2026-07-19), the largest single-country decline in the commodity that year. China remained the world's biggest buyer, but the reduction was driven by mild early-year temperatures, rising domestic gas output and ramped-up pipeline supply through the Power of Siberia route, the IGU said. JKM spot held at $21.25/MMBtu on Tuesday (2026-08-04), unchanged on the day.

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Connected coverage Stories linked to China through the market graph: same hub, spread, route or driver.

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