# China Winter Gas Binge Pushes It Toward No. 2 LNG Buyer Spot

> China's winter gas demand is pushing it toward becoming the second-largest LNG buyer, ahead of South Korea. Demand is driven by environmental measures and winter heating needs.

- Date: 2018-01-01 · published 2018-01-01T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/67657-china-winter-gas-binge-pushes-it-toward-no-2-lng-buyer-spot
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Rising Chinese LNG imports tighten global gas supply and support natural gas prices, with knock-on effects on fertilizer and energy costs.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2017-11-03 | [LNG prices soar as China faces winter gas crunch \| LNG Industry](https://feedsoft.ai/events/10192-lng-prices-soar-as-china-faces-winter-gas-crunch-lng-industry.md) | +13.7% | +8.5% |
| NATGAS | 2021-12-21 | [LNG cargoes diverted toward Europe from Asia as gas prices soar \| Reuters](https://feedsoft.ai/events/43782-lng-cargoes-diverted-toward-europe-from-asia-as-gas-prices-soar-reuters.md) | -5.2% | +14.7% |
| 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 | 2016-12-21 | [Cold snap drives China LNG imports to record in November \| Business News - The Indian Express](https://feedsoft.ai/events/73642-cold-snap-drives-china-lng-imports-to-record-in-november-business-news-the.md) | +12.2% | +2.0% |
| 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% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-12-06/china-s-winter-gas-splurge-pushes-it-toward-no-2-lng-buyer-spot

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