China stops buying liquefied natural gas from the US
www.ft.com
Standstill shows how Sino-American trade war has spilled into the energy sector

China’s imports of US liquefied natural gas have completely stopped for more than 10 weeks, according to shipping data showing how the Sino-American trade war has spread to energy co-operation.

The freeze on US LNG is a repeat of a block on imports that lasted for more than a year during Donald Trump’s first term as president.

But the impact of the stand-off has potentially far-reaching implications, strengthening China’s energy relationship with Russia and raising questions over the huge expansion of multibillion-dollar LNG terminals that is under way in the US and Mexico.

China’s ambassador to Russia said earlier this week that China would probably step up its imports of Russian LNG instead. “I know for sure that there are a lot of buyers. So many buyers are asking the embassy to help establish contacts with Russian suppliers, I think there will definitely be more [imports],” said Zhang Hanhui.

Russia has emerged as the third-largest supplier of LNG to China, behind Australia and Qatar; the two countries have also been negotiating over a new gas pipeline, the Power of Siberia 2.

Image of article since it seems to be unarchivable

    • FenrirIII@lemmy.worldEnglish
      21·
      3 days ago

      You’re assuming Trump cares about the US. He says one thing out his ass while his mouth is suckling Daddy Putin’s schlong

      • InvertedParallax@lemm.eeEnglish
        11·
        4 days ago

        As US President George Bush was preparing for his recent “We care” trip to Latin America — during which massive demonstrations of Latin Americans responded by saying “No you fucking don’t” and “Get the hell out of here” — he was briefed by Secretary of State Condoleezza Rice.

        She told Bush that the previous day, three Brazilian soldiers had been killed in Iraq. To everyone’s amazement, all of the colour ran from Bush’s face. Then he collapsed onto his desk, head in hands, visibly shaken, almost whimpering.

        Finally, he composed himself and asked Rice, “Just exactly how many is a brazillion?”

        • tpyo@lemmy.worldEnglish
          3·
          3 days ago

          Haha I love that joke and regularly find myself (and usually just to myself) using brazillion as a quantity for a lot

  • Renohren@lemmy.todayEnglish
    10·
    4 days ago

    The chinese are falling into Trump’s trap and are actively helping him make his promise true: gas is cheap.

    What a 5D chess player!

    /S on all that, OfC !

  • Henson@feddit.dkEnglish
    5·
    3 days ago

    So Trump found jet another way to indirect help Russia. On one hand i find it absurd, that he should help Putin, on the other hand its hard to come up with anything he hasn’t done, without it being too obvious.

    • Psiczar@aussie.zoneEnglish
      3·
      3 days ago

      It actually helps Australia more than anyone as we are the 2nd largest exporter of LNG after the US.

      • thisnameisnottolong@aussie.zoneEnglish
        1·
        3 days ago

        Australians see very little benefit from this because the LNG is extracted by foreign companies which don’t pay any taxes. Just another political rort.

      • AngryCommieKender@lemmy.worldEnglish
        1·
        3 days ago

        Rico Rodriguez is para-gliding towards the LNG fields. Not to depose a dictator this time, he’s just addicted to those giant spheres blowing up.

  • Teknikal@eviltoast.orgEnglish
    8·
    4 days ago

    I could swear I read something about China completely switching to Australian LMG at some point in the last week or so. I don’t think they will reverse this even if Trump comes to his senses.

  • melsaskca@lemmy.caEnglish
    2·
    3 days ago

    China should have pity on Trump. Don’t they know america is currently having an emergency!

  • bitwolf@sh.itjust.worksEnglish
    1·
    3 days ago

    Doubling down on the gas industry was a losing game even if this wasn’t the outcome.

    Even if there wasn’t a trade war, by the time oil picked up much of the world will have moved on to sustainable energy.