China natural gas market to face rising supply in Jul

China's natural gas market is set to shift toward a looser supply-demand balance in July, with steady supply growth meeting weak seasonal demand. PNG supply increased by 50 million cubic meters, with auction prices mostly below Yuan 3.50/cubic meter. LNG imports are recovering as Strait of Hormuz shipping restrictions ease. Weekly LNG demand fell 4.01% to 725,000 tonnes last week, and both industrial and power-generation demand remain in the off-season.

China's natural gas market is set for a notable shift toward a looser supply-demand balance in July, with steady supply growth and persistent demand weakness. Supply is expanding from both pipeline natural gas (PNG) and LNG imports. PetroChina added 50 million cubic meters of supply beyond contracted volumes, while