China's natural gas consumption and LNG imports dropped in 2022 as a result of lower economic growth and higher gas prices, marking the first annual decline in consumption since 1990, the U.S. Energy Information Administration said on Thursday.
Slower economic growth, mostly because of China's zero-COVID regulations and widespread lockdowns, as well as government policies that put supply security before emissions targets were the main causes of the drop in natural gas usage. Prior to 2022, China's LNG imports declined only once - in 2015 - by a much smaller volume, the EIA said.
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