US EditionChina & UAE Reach 5-Year LNG Deal As US Trade War Intensifies
- Chinese state-backed and private energy firms secured new LNG term contracts with ADNOC.
- This follows steep Chinese tariffs imposed on US liquefied natural gas imports amidst an intensifying trade war.
- Chinese buyers are now actively avoiding US LNG cargoes due to the increased import costs.
- China imported no US LNG during March, according to customs data released April 20.
- The trade war prompts Chinese companies to secure new supply deals from alternative providers like the UAE.
16 Articles
16 Articles
Weak Demand Set to Drag China’s LNG Imports Down by 20%
China continues to witness weak demand for liquefied natural gas and its LNG imports in April are estimated to be 20% lower than the volumes imported in the same month last year, Bloomberg reported on Thursday, citing data from analytics firm Kpler. LNG import demand in China has been weaker this year amid comfortably full winter inventories. Chinese LNG imports are expected to drop in 2025, according to the latest estimates from BloombergNEF. …
Financial Post
China Turns to Middle East LPG to Replace Tariff-Hit US Gas
(Bloomberg) — Chinese plastics plants that buy liquefied petroleum gas are turning to the Middle East to replace tariff-hit imports from the US, disrupting global flows and reviving moribund freight rates.
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