# China’s reduced LNG appetite eased Europe gas crisis

> Reuters reports that lower Chinese LNG purchases during 2022 freed up cargoes for European importers, especially in summer. That helped avert a deeper supply crunch after Germany's storage rush pushed European prices to record levels in July and August 2022.

- Date: 2023-02-15 · published 2023-02-15T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/37518-china-s-reduced-lng-appetite-eased-europe-gas-crisis
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The story shows how Chinese LNG demand changes can shift global gas supply, so a Chinese demand recovery would tighten the market and support prices.

## Read by commodity

- NATGAS: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/chinas-reduced-lng-appetite-eased-europe-gas-crisis-kemp-2023-02-14/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.