China suspends liquified gas imports from US amid tariff war: Report
[ad_1] Representative AI image generated by Denny China has suspended all imports of liquefied natural gas (LNG) from the United States for over ten weeks, effectively cutting off trade in the sector as new tariffs make American gas unviable in the Chinese market.According to Financial Times shipping data, the last recorded LNG shipment from the US—a 69,000-tonne tanker from Corpus Christi, Texas—arrived in China’s Fujian province on 6 February. A second shipment bound for China was diverted to Bangladesh after failing to dock before a 15% tariff came into effect on 10 February. That duty has since been raised to 49%, effectively pricing US LNG out of China.“There will be long-term consequences,” said Anne-Sophie Corbeau of Columbia University’s Centre on Global Energy Policy. “I do not think Chinese LNG importers will ever contract any new US LNG.”The current freeze mirrors […]