By Chen Aizhu, Emily Chow and Marwa Rashad SINGAPORE/LONDON (Reuters) - China's liquefied natural (LNG) gas importers are starting up or expanding ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Chen Aizhu, Emily Chow and Marwa Rashad
Chinese gas importers have also boosted long-term LNG contracts with Qatar and U.S. suppliers by nearly 50% since late 2022 to more than 40 million metric tons per year , with plans to add more volumes from those two countries, as well as from Oman, Canada and Mozambique, traders and analysts said. PetroChina International , trading arm of PetroChina and China's largest gas trader with a 100-strong global team in Beijing and four other international offices, imported or traded about 30 million tons of LNG last year.
Either way, China's growing domestic output and more piped gas from Central Asia and Russia provide enough of a fuel base that Chinese gas companies can trade or swap U.S. and other portfolio cargoes when arbitrages open or it makes market sense.
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