China has begun to resell liquefied natural gas (LNG) in record volumes, taking advantage of the sudden increase in prices, reports Reuters. Following the outbreak of conflict between the USA and Israel with Iran, LNG prices in Asia have risen by approximately 85%.
A key factor was the disruption of deliveries through the Strait of Hormuz, through which approximately 20% of global LNG flows pass.
At the same time, China’s LNG imports have significantly decreased: in March they reached 3.68 million tons — the lowest level since April 2018.
However, China compensates through gas deliveries from Russia and through domestic production. “Pipeline deliveries and domestic production remain stable,” declared analyst Nelson Xiong from Kpler.
In March, China resold up to 10 LNG cargoes — an absolute monthly record, according to ICIS, Kpler, and Vortexa data. Since the beginning of the year, China has already resold 1.31 million tons (19 cargoes), compared to 0.82 million tons for the entire year of 2025.
The main destinations of the deliveries were South Korea (10 shipments), Thailand (5), as well as Japan, India, and the Philippines.
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