Chinese Gasoline Exports Fell in November And Imports of Liquefied Gas Rose to a Record High

In November, data showed that China’s gasoline exports fell from record highs, while liquefied natural gas imports hit a new peak in light of increased demand at the start of the heating season.

China’s General Administration of Customs said gasoline exports in November fell to 1.26 million tons from 1.84 million tons a year ago, and below the record level recorded in October of 1.91 million tons.

Total refined fuel exports fell by about a third in November year-on-year, as local refiners limited sales abroad due to sluggish gasoline margins.

The data revealed that LNG imports rose to a record 6.61 million tons in November from 6.51 million tons a year earlier.

Demand for fuel usually increases from November, the start of the warming season, while China continues to replace coal in light of a rapid economic recovery that is expected to lead to China’s imports of liquefied natural gas to reach a new record in December.