Asia's LNG imports reached a record 24 million tons in March, a 12% increase, driven by lower prices and rising demand from China, India, and Thailand.
LNG imports to Asia hit a record high of 24 million tons in March, a 12% increase from the previous year, due to lower prices and increasing demand from countries like China, India, and Thailand. Meanwhile, Europe's LNG imports dropped 20% in March as ample gas inventories reduced demand for new shipments. The lower prices have made LNG a cost-competitive alternative to other fossil fuels in Asia.
April 01, 2024
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