China Extends Its Suspension Of US LNG Imports
Authored by Irina Slav via OilPrice.com,
China has not imported any liquefied natural gas from the United States since early February, data from Kpler cited by Nikkei has shown.
The last LNG cargo that left the Gulf bound for China set off on February 6, the data showed.
The Chinese tariffs on U.S. goods, including energy products, and the broader trade war between the world’s two biggest economies could have long-term consequences on the ability of new U.S. LNG export projects to attract anchor offtake commitments, analysts have warned.
The United States was never a major supplier of LNG to Chinese buyers, but after Beijing slapped retaliatory tariffs on U.S. energy imports, the flow ended completely.
Following the tariff exchange, Chinese LNG buyers with long-term supply contracts with U.S. producers started reselling the cargos to Europe, Bloomberg reported in March, citing sources from the trading world. What’s more, Chinese traders have grown cold towards new long-term commitments for future supply from the United States, instead seeking long-term deals with gas producers in the Middle East and the Asia Pacific.
The latest news in that space was for a 15-year supply deal for liquefied natural gas from Emirati Adnoc, at a rate of 1 million metric tons annually.
This made the contract the largest LNG supply deal for a Chinese company, ENN Natural Gas. ENN said the agreement will boost energy supply security and diversify its sourcing.
The outlook for Chinese LNG imports in general appears to be bearish, with BloombergNEF forecasting last month that high levels of gas inventories will push demand lower for the year, leading to the first annual decline in LNG imports since 2022.
The tariff push is now affecting the U.S. LNG industry in another way as well.
President Trump has slapped tariffs on Chinese-built ships calling at U.S. ports, aiming to stir U.S. energy companies towards using U.S.-built vessels, of which there are none yet.
Tyler Durden Mon, 04/28/2025 – 15:40
Source: https://freedombunker.com/2025/04/28/china-extends-its-suspension-of-us-lng-imports/
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