China’s liquefied natural gas imports broke another record last month amid rising stockpiles that made some importers nervous, Reuters reports , citing industry sources as well as vessel-tracking data. The January total reached 6.55 million tons, up by 2 percent from the previous record set in December. However, the winter turned out milder than would justify this massive intake of LNG and many importers are stranded with more LNG than they can’t sell. “When people see these numbers, they think Chinese demand is up … but actually it is causing a headache (for importers) as (they) have overbought and can’t find demand to absorb the cargoes,” one energy industry source told Reuters. Imports of LNG rose substantially throughout 2018, by a whopping 41 percent, as China sought to prevent a repeat of the 2017 gas shortage that left several million households in northern China without heating as the government’s […]