Chinese firms are reselling record volumes of liquefied natural gas (LNG), cashing in on soaring spot prices as China has enough domestic and pipeline gas to meet its own weakened demand, in stark contrast to other Asian buyers scrambling to replace supplies cut off by the Iran war, Reuters reports.

The world's top importer of LNG, China reloaded 8 to 10 cargoes in March, its highest monthly total on record, according to analytics firms ICIS, Kpler and Vortexa.

So far this year, China has reloaded a record 1.31 million metric tons of LNG, or 19 cargoes, with 10 delivered to South Korea, five to Thailand and the remainder to Japan, India and the Philippines, Kpler data showed.

By comparison, China resold 0.82 million tons in 2025 and 0.98 million tons in 2023, the second-highest annual total on record.