China’s LNG Buying Spree Tightens Global Gas Market

China raised its liquefied natural gas imports for a second month in a row in June as the world’s top LNG buyer prepares for peak summer power demand. Chinese imports of LNG jumped by 8.3% from a year earlier to 5.68 million tons in June, according to official customs data released on Monday. This was the second consecutive month in which China’s LNG imports increased from the year-ago period, following three months of falling LNG cargo arrivals in February, March, and April. Chinese imports started recovering in May, rebounding…