Will the US cancel its long-term LNG contracts with China?
Tom KirkmanIndependent Project Manager
Will the U.S. become the LNG version of Russia’s natural gas supply?
Will U.S. cancel LNG contracts with countries that it disagrees with politically?
Specifically, with the U.S. cancel long term 20 year LNG contracts with China?
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“… US spot LNG this year has been largely diverted to Europe, which has been struggling to fill a void left after Russia cut pipeline gas supplies to the continent.
But half of the long-term contracts China has signed since early 2021 have been with American companies in volume terms.
… China’s reliance on gas supplies from both the US and Russia has put the country in a “delicate position”, the report said.
“From China’s perspective, it is also important to think strategically about how much it wants to depend on each of its supply sources, especially considering the evolution of geopolitical forces and the current situation regarding global gas/LNG markets,” it said. …”