– China’s LNG imports rebounded in H1 2025 after a 20% drop, driven by low prices and strategic inventory replenishment.
– Buyers now act as global “portfolio managers,” reselling cargoes to Europe/Asia, boosting market flexibility.
– Global LNG traders and Chinese regasification firms gain as China’s 1,069 MTPA capacity leads 2025 expansions.
– Risks include fragile demand and U.S. tariffs, but long-term fundamentals support cyclical recovery.