China LNG Imports Hint at Recovery as Buyers Replace Lost Supply

Liquefied natural gas deliveries to China are showing signs of recovery, as some buyers replace shipments disrupted by the conflict in the Middle East.

The 30-day moving average for LNG imports has increased to the highest level since late February, according to ship-tracking data compiled by Bloomberg. Although that’s still below the five-year average, the gap has shrunk to roughly half of what it was in early April.

The closure of the Strait of Hormuz has choked about a fifth of global LNG supply. Qatar, which accounted for around 30% of China’s LNG last year, has been forced to halt ...