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China Buys Record Amounts of US Gas: WSJ

Turnaround is a consequence of the global energy shortage that has sent coal and gas prices soaring, as well as China’s effort to cut carbon emissions


A ship docks at an LNG terminal in Tianjin. Photo: Reuters

 

At the height of the trade war in 2019, China all but cut off imports of US liquefied natural gas (LNG) but is now buying more from the US than ever, The Wall Street Journal reported.

The turnabout is one consequence of the global energy shortage that has sent prices soaring. And it is a result of China’s effort to cut carbon emissions by reducing how much coal it burns.

The energy shortage in China, the country’s most severe in many years, has forced the government to curtail factory operating hours and cut power in some cities.

Read the full report: The Wall Street Journal

 

 

READ MORE:

What’s Behind The Wild Surges In Global LNG Prices And Risks Ahead

Record Gas Prices Slow Asia LNG Investment Amid Coal Concern

 

 

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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