Reported 10 days ago
Chinese buyers of liquefied natural gas (LNG) are increasingly reselling U.S. cargoes as tariffs imposed by Beijing significantly raise import costs. Following a series of retaliatory tariffs between China and the U.S., there is a notable trend where Chinese firms opt to redirect U.S. LNG to Europe due to more favorable price differentials. With new supply contracts and weak domestic demand anticipated, this shift is likely to accelerate, impacting the global LNG market.
Source: YAHOO