The current geopolitical conflict begins to share LNG’s largest seller and buyer.
China has not imported liquid natural gas from the United States for 60 days, which has been the longest pause in the last five years. The destruction of relationships between Beijing and Washington has led to the fact that consumers from China have redirected delivery. Bloomberg reported it.
According to Kpler, an analytical company that monitors the courts in courts, not a single ship from the USA is currently going to China.
According to tracking ships collected by Bloomberg, during the first time of US President Donald Trump, China did not accept cargo from the United States about 400 days to April 2020.
The zero trade in LNG between China and the USA will probably remain until the end of 2025, while China will increase tariffs for American LNG from the past 15% to 49% in response to Trump’s highest tariff, the head of the gas research department said the China Vei Xun.
It is noted that the current geopolitical conflict begins to share the world’s largest seller and LNG customers. Since February 10, Beijing has introduced a 15 percent tariff for LNG supply from the United States in response to American duties, which intensified last week by introducing duties from the United States.
Beijing tariffs force LNG businessmen to reclaim delivery delivery from the USA.
Chinese lng consumers receive delivery from the United States under long -term contracts. The previous soft winter and large reserves mean China has no urgent need for LNG, which gives the country’s businessmen more opportunities for the sale of supplies from the United States to European and Asian competitors.
It is reported that this step is a relief for Europe, which requires more LNG to reflenish stocks and compensate for the loss of Russian pipeline gas supplies.
Remember that European countries in March of this year were received from terminals for receiving liquid natural gas (LNG) 12.683 billion cubic meters (liquid it was 9.756 million tons), which is a full record for European gas industry history.
It is also reported that German company Sefe and American Delfin have signed major terms of supply agreement of 1.5 million tons of liquid natural gas (LNG) each year for 15 years.
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.