Asia’s LNG Imports Slump as China and India Pull Back
Tepid demand from China and lower purchases from price-sensitive buyers such as India dragged down Asia’s LNG imports in October from a year earlier, while Europe’s buying remains solid as the EU races to fill gas storage sites ahead of the winter. LNG imports into Asia dropped last month to 22.84 million metric tons, down from the 24.39 million imported in October last year, per data from commodity analysts Kpler cited by Reuters columnist Clyde Russell. China extended its weaker LNG import trend for yet another month,…