Source: Marine Traffic China remains the larger LNG importer, with 2026 imports projected at roughly 61–64 million MT, versus 28–29 million MT for India. But the more important story this year is how differently the two markets responded to the Iran-US conflict and the disruption of Middle Eastern LNG flows. Month-by-Month Jan–Feb: Demand was relatively normal before the conflict. India imported about 4.45 MT combined, while China’s February imports fell to approximately 3.38

Tim Beggans recaps the week in October NG: holding the 13-period EMA, no 13/48 crossover yet, yesterday’s +30 Bcf storage print, a tightening surplus vs last year and the 5-year average, the Jan–Oct injection spread, cooler ERCOT after Edouard, national heat and power prices, Europe/UK storage and weather swings, Asia cooling, U.S. LNG loadings (including Plaquemines and Golden Pass), tropics, West drought, NOAA’s strong El Niño outlook, and the E&P watch list. Contract / lev

Tim Beggans covers storage-day setup for October NG, narrow daily bars above the 13- and 48-period EMAs, the Jan–Oct injection spread, cooler ERCOT after Edouard, batteries on the Texas grid, national power-price volatility, lingering U.S. heat vs incoming northern fall, Europe/Asia weather and storage, JKM, U.S. LNG feedgas including a tanker at Golden Pass, tropics, West drought, Lake Gatun, and the E&P watch list. Contract / levels: October near 2.983–2.988, up ~3¢ Above t

Tim Beggans covers the bounce above the 48-period EMA, a possible push toward $3, tomorrow’s storage print, managed-money short covering in the COT report, the Jan–Oct spread, ERCOT after Edouard, national power-price volatility, lingering U.S. heat vs incoming northern fall, UK/NBP panic on low storage, Europe/Asia weather, two vessels loading at Ras Laffan, U.S. LNG feedgas, Edouard’s track, and the E&P watch list. Contract / levels: October near 2.944–2.946, up ~4¢ Above t

Tim Beggans covers the October contract selloff as Tropical Storm Edward approaches landfall between Beaumont and Houston, lower ERCOT load, battery charge/discharge on the Texas grid, national power-price volatility, the Jan–Oct spread, lingering U.S. heat into mid-September, Europe/Asia weather and storage, Hormuz tanker traffic, U.S. LNG feedgas around the storm track, and the E&P watch list. Contract / levels: October near 2.857–2.872, down ~6–8¢ Testing the 13-period EMA

Tim Beggans covers the top headlines, October price action, last week’s storage print, ERCOT and national grid demand, wind pickup across the Plains, lingering U.S. heat into mid-September, Europe/Asia weather and storage, U.S. LNG loadings, Tropical Storm Dolly remnants plus a 70% Gulf system off Louisiana, West drought, and the E&P watch list. **Top news:** 1. Iran–U.S. exchange of fire — crude and gas bid higher 2. Venture Global CP2 clears a legal hurdle 3. CNOOC signal

This Week's Main Drivers: Storage: EIA reported a +15 Bcf injection, versus +17 Bcf last year and the +33 Bcf 5-year average—another bullish signal for near-term gas demand. Texas heat: Excessive heat remains locked into Texas into September. Low wind generation is adding to ERCOT gas burn, while South Central salt storage drew 20 Bcf this week, potentially setting up another large draw next week. Global LNG: Qatar is cutting government spending by as much as 30% as the Iran

Source: CGTN Frontline (China) China’s LNG appetite is changing—and the implications for global gas markets could be significant. China’s 2026 LNG imports are tracking toward 61–64 million tonnes, down from 68.4 million tonnes in 2025. That would mark a second consecutive annual decline. The IEA estimates Chinese gas demand fell 4% YoY from March–June, while LNG imports dropped roughly 12%. This looks increasingly structural. High LNG prices and the Iran/Hormuz disruption exp