China & UAE Reach 5-Year LNG Deal As US Trade War Intensifies
- Chinese state-backed and private energy firms secured new LNG term contracts with ADNOC.
- This follows steep Chinese tariffs imposed on US liquefied natural gas imports amidst an intensifying trade war.
- Chinese buyers are now actively avoiding US LNG cargoes due to the increased import costs.
- China imported no US LNG during March, according to customs data released April 20.
- The trade war prompts Chinese companies to secure new supply deals from alternative providers like the UAE.
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China Turns to Middle East LPG to Replace Tariff-Hit US Gas
(Bloomberg) — Chinese plastics plants that buy liquefied petroleum gas are turning to the Middle East to replace tariff-hit imports from the US, disrupting global flows and reviving moribund freight rates.
·Canada
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Total News Sources15
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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