Totally not ominous: China halts LNG resales to Europe
Tom KirkmanIndependent Project Manager
Totally not ominous at all.
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• “China told state-owned natural gas importers like Sinopec and CNOOC to halt LNG sales to Europe, per Bloomberg.
• The order to halt resales comes as Beijing looks to protect domestic gas supplies for the winter.
• China has been a crucial supplier of gas to Europe as the region faces a Russia-driven energy crisis.
… Another potential trigger for the move were forecasts for a small deficit in China’s gas supply, the report said, as the country looks to avert its own potential energy crunch during winter’s cold months. …”