# China's cheap gas cools LNG spot demand

> China’s average trucked LNG price fell to $21.97/MMBtu, about $9.70 below JKM futures, after some liquefaction plants cut offers. State energy firms are finishing winter stockpiling, and weaker spot buying could leave more flexible LNG cargoes available to Europe and other Asian buyers.

- Date: 2026-11-09 · published 2026-11-10T09:11:17.285Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/91509-china-s-cheap-gas-cools-lng-spot-demand
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower domestic prices make imported spot LNG less attractive to Chinese buyers, easing competition for cargoes and potentially reducing pressure on global LNG prices.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-09-01 | [China's LNG import surge to cool in winter as high prices bite](https://feedsoft.ai/events/45735-china-s-lng-import-surge-to-cool-in-winter-as-high-prices-bite.md) | +9.9% | +28.7% |
| NATGAS | 2020-07-21 | [Weak Demand Forces Buyers To Cancel U.S. LNG Cargoes \| OilPrice.com](https://feedsoft.ai/events/52292-weak-demand-forces-buyers-to-cancel-u-s-lng-cargoes-oilprice-com.md) | +6.9% | +39.1% |
| NATGAS | 2024-12-20 | [Natural gas demand from US LNG export plants heads for first decline in 8 years \| Reuters](https://feedsoft.ai/events/27139-natural-gas-demand-from-us-lng-export-plants-heads-for-first-decline-in-8-years.md) | -4.8% | +21.0% |
| NATGAS | 2020-03-10 | [US LNG developers try to ride out market turmoil with China's door shut \| S&P Global](https://feedsoft.ai/events/54313-us-lng-developers-try-to-ride-out-market-turmoil-with-china-s-door-shut-s-and-p.md) | +5.3% | -4.2% |
| NATGAS | 2018-09-19 | [Wood Mackenzie on China's new retaliatory tariff on US LNG](https://feedsoft.ai/events/63218-wood-mackenzie-on-china-s-new-retaliatory-tariff-on-us-lng.md) | +4.5% | +9.7% |

## Sources

- briefs.co: https://www.briefs.co/news/cheaper-china-gas-cools-appetite-for-pricey-lng-cargoes/

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