Source: IEA After years as the driver of global LNG growth, China has eased off the throttle in 2025. Imports have slipped as domestic gas production rises, pipeline flows from Russia expand, industrial demand softens, and rapid renewable additions cut into gas-fired power. Cargoes once destined for China are increasingly redirected to Europe, Japan, South Korea, and emerging Asia. The Positives • Price relief:  A major supply wave from the U.S., Qatar, and others arriving 20