•  Chinese LNG imports hit a record 4.06mn tons in November as the country’s extensive program to switch domestic heating from coal to gas met with peak winter demand.

•  Imports were almost certainly higher still in December, meaning that China will have overtaken South Korea as the world’s number two LNG importer over the course of 2017. China imported 33.3mn tons for January-November, up 48% year-on-year. Korea’s imports, at 33.5mn tons for the same...