China and India recorded the largest decline in liquefied natural gas (LNG) imports in 2025, reflecting weaker demand, higher inventories, and changing energy market dynamics that have weighed on global LNG trade.
According to industry data, both countries reduced LNG purchases amid softer industrial activity, increased domestic energy production, and greater reliance on alternative fuel sources. The decline in imports has contributed significantly to the slowdown in global LNG demand during the year.
In China, lower gas consumption by industry and adequate domestic supply helped curb import requirements, while in India, higher price sensitivity among buyers and increased availability of alternative fuels led to reduced LNG procurement. Seasonal demand fluctuations and inventory management also influenced purchasing decisions in both markets.
The slowdown in imports by the world’s two largest LNG-consuming emerging economies has eased pressure on global LNG supply, contributing to improved cargo availability for other importing regions. Analysts note that the shift has also affected spot LNG prices and prompted exporters to explore alternative markets.
Despite the decline, industry observers expect LNG demand in China and India to recover over the medium to long term, supported by economic growth, industrial expansion, and ongoing efforts to transition toward cleaner energy sources. Market participants will continue to monitor demand trends, pricing, and policy developments that could influence future import volumes.
