# U.S. supplies give China muscle to become major force in global LNG trade

> China's LNG imports rose 18% last year to a record 79 million tonnes, overtaking Japan as the world's largest buyer. Growth was attributed to economic recovery from COVID-19 and a pipeline reform that let more firms import gas.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/42887-u-s-supplies-give-china-muscle-to-become-major-force-in-global-lng-trade
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

China's rising share of global LNG demand tightens competition for cargoes and supports international gas prices over the longer term.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2016-11-29 | [Can China’s Growing Demand for Gas Balance the Market? \| INN](https://feedsoft.ai/events/74035-can-china-s-growing-demand-for-gas-balance-the-market-inn.md) | +14.6% | +17.4% |
| NATGAS | 2017-11-03 | [LNG Prices Climbing As China Scrambles To Secure Supply \| OilPrice.com](https://feedsoft.ai/events/68164-lng-prices-climbing-as-china-scrambles-to-secure-supply-oilprice-com.md) | +13.7% | +8.5% |
| NATGAS | 2016-06-03 | [US Natural Gas Production Stalls As Europe Becomes The Dumping Ground For Gas Supplies \| The Corner](https://feedsoft.ai/events/7633-us-natural-gas-production-stalls-as-europe-becomes-the-dumping-ground-for-gas.md) | +5.2% | +24.7% |
| NATGAS | 2021-12-30 | [Commodities 2022: US LNG exports look to test South Central's natural gas inventory \| S&P Global](https://feedsoft.ai/events/43790-commodities-2022-us-lng-exports-look-to-test-south-central-s-natural-gas.md) | +3.6% | +42.4% |
| NATGAS | 2022-03-30 | [The LNG Export Boom Is Draining U.S. Natural-Gas Supplies and Lifting Prices](https://feedsoft.ai/events/42449-the-lng-export-boom-is-draining-u-s-natural-gas-supplies-and-lifting-prices.md) | +12.4% | +33.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/us-supplies-give-china-muscle-become-major-force-global-lng-trade-2022-02-11/

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