# China's newfound LNG appetite drives up Asian energy costs - Nikkei Asia

> Spot LNG prices in Asia are rising as China imports more gas to replace coal-fired power and fight air pollution. Reports say spot prices have doubled in six months.

- Date: 2018-02-04 · published 2018-02-04T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/66668-china-s-newfound-lng-appetite-drives-up-asian-energy-costs-nikkei-asia
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Sustained Chinese LNG demand tightens global gas supply and lifts energy costs for Asian industry, which supports natural gas prices.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2023-02-01 | [In 2023, China's appetite for LNG set to rise amid tepid demand across Asia](https://feedsoft.ai/events/37946-in-2023-china-s-appetite-for-lng-set-to-rise-amid-tepid-demand-across-asia.md) | -7.6% | +1.2% |
| NATGAS | 2021-10-08 | [Asia LNG price soars on China power crunch, European demand](https://feedsoft.ai/events/44764-asia-lng-price-soars-on-china-power-crunch-european-demand.md) | +1.9% | +0.5% |
| NATGAS | 2018-02-14 | [Asia's Soaring Gas Demand Opens Window for New LNG Projects - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/66670-asia-s-soaring-gas-demand-opens-window-for-new-lng-projects-energy-news-top.md) | +2.6% | +4.8% |
| NATGAS | 2022-05-26 | [Canadian dollar nears a three-week high as energy vies with housing. What's next](https://feedsoft.ai/events/41657-canadian-dollar-nears-a-three-week-high-as-energy-vies-with-housing-what-s-next.md) | -5.6% | -34.7% |
| NATGAS | 2021-08-06 | [Natural gas prices surge as energy transition-driven demand outstrips supply](https://feedsoft.ai/events/45736-natural-gas-prices-surge-as-energy-transition-driven-demand-outstrips-supply.md) | -4.5% | +10.5% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/commodities/china-s-newfound-lng-appetite-drives-up-asian-energy-costs

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