China has stopped buying liquefied natural gas (LNG) from the United States, in a move that highlights the strained relations between the two nations. The decision marks a significant shift in China’s energy imports, with the country previously relying on US LNG as part of its efforts to diversify its energy mix.
The exact timing and reasons behind the halt are unclear, but it is believed to be related to recent diplomatic tensions between China and the US. Chinese state-owned companies, including those involved in LNG imports, have reportedly suspended all dealings with US suppliers.
This development comes at a time when China’s energy market is facing increased competition from other countries, such as Australia and Qatar. The move may also raise concerns about the potential impact on global LNG prices, which could be affected by changes in Chinese demand.
As tensions between China and the US continue to escalate, this latest move highlights the complex web of diplomatic and economic relationships that underpin international energy trade.
Source: https://www.ft.com/content/a6ad1627-3481-455e-ade8-65c595c1d3e5