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Latest Analysis / China Oil and Gas Monthly

China Gas/LNG Snapshot #36

Published: 23 April, 2026

Highlights:

  • PipeChina’s LNG terminal utilization remained steady in Q1, but spot demand stayed weak amid high prices and geopolitical tensions.
  • How will terminal operations evolve going forward?
  • What’s driving the differing wholesale pricing strategies of China’s three major NOCs in 2026?

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