China LNG term volumes to add 7.50 million t/y in 2027, supporting winter import demand

In 2027, LNG term contracts held by Chinese city gas and local energy companies will be implemented in a concentrated manner, adding 7.50 million t/y of new volumes. These term volumes will strengthen the medium- to long-term supply base, though seasonal demand gaps will still require spot market adjustments, partially easing winter supply pressure.

In 2027, a batch of newly signed LNG term contracts by Chinese city gas and local energy companies will enter their execution period, with combined new annual volumes of 7.50 million tonnes/year. The term volumes will drive further diversification of import sources and pricing mechanisms, though seasonal supply-demand gaps