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China Refuses to Buy Expensive LNG Despite Peak Demand

China’s LNG imports have been trending lower since early this year, with purchases of U.S. LNG suspended entirely amid the tariff spat that President Trump initiated as a means of fixing the United States’ trade deficit with most trade partners. Besides that, a milder winter, weak industrial demand, and higher gas pipeline imports are set to result in the first decline in China’s LNG imports since 2022, according to analysts.