The sale of gas contributes to other countries, especially those who import Europe who seek to change stocks against the background of reducing pipeline gas supplies from Russia.
In April of this year, China was already selling more than 280 thousand tons of liquid natural gas – it was a record monthly quantity for all time observation. Bloomberg reported this on Monday, April 28th with a reference to medium monitoring data.
This volume is 7.7% of the total gas import per month.
The causes of record re-export are a weak internal demand due to hot winter and adequate reserves. In addition, China can benefit by selling gas at higher prices abroad.
At the same time, sale of gas helps other countries, especially those who import Europe who seek to change stocks against the background of reducing pipeline supplies from Russia.
Remember, China has completely stopped buying liquid natural gas in the United States after the introduction of a 15% tariff for LNG supply on February 10. At the same time, Beijing expanded purchases in Russia, which last year puts four times more serious gas than the United States.
China urged Trump to cancel duties and “fix errors.”
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.