By CLYDE RUSSELL
LAUNCESTON, Australia — Asia’s run of subdued imports of liquefied natural gas (LNG) is set to extend for another month in July, with the top-importing region on track for a tiny in-crease from June.
Asia’s imports of the super-chilled fuel are estimated at 22.07 million metric tons in July, up from 21.80 million in June, according to data compiled by commodity analysts Kpler.
On a per day basis July’s figure is 722,000 tons, which is slightly down from 727,000 in June.
The soft July imports continue a trend this year of declining LNG arrivals in Asia, with the first seven months of 2025 coming in at 155.82 million tons, down 6.3 percent from the 166.22 million over the same period last year.
In contrast to Asia’s declining LNG imports, Europe’s have been trending higher, with the first seven months seeing arrivals of 75.61 million tons, up 24 percent from the 61.13 mil-lion for the same period in 2024, according to Kpler data.
The extra 14.48 million tons of LNG that has headed to Europe in the first seven months re-flects the continent’s efforts to refill inventories ahead of winter while continuing to shun pipeline gas from Russia.
The extra European demand has been a boon for LNG exporters as it has helped keep global prices higher, and largely prevented the usual seasonal decline in both volumes and spot prices seen in the shoulder season between the winter and summer peaks.
But the higher prices have also led to lower demand from price-sensitive buyers in Asia, es-pecially China, the world’s largest LNG importer.
China decline
China’s LNG imports are on track to reach 4.96 million tons in July, down from 5.09 million in June and 5.92 million in July 2024, according to Kpler data.
For the first seven months of the year, China’s imports are estimated by Kpler at 35.17 mil-lion tons, down 21.2 percent from the 44.64 million for the same period in 2024.
The drop in China’s LNG imports also accounts for 91 percent of the total drop in Asia’s im-ports in the first seven months of 2025.
The rest of the decline can largely be ascribed to India, Asia’s fourth-largest LNG buyer, with imports in the January to July period estimated at 14.08 million tons, down from 16.11 mil-lion for the same period in 2024.
The decline in imports by China and India comes as spot LNG prices for delivery to North Asia LNG-AS remain at elevated levels.
