U.S. Is The Surprising Winner In China’s LNG Market
The natural gas market is reeling from the triple whammy of a stubborn supply overhang, particularly in the Asia-Pacific region--which accounts for nearly two-thirds of global demand--a mild winter, and a hobbled global economy. China has emerged as a rare bright spot as energy demand in the country remains relatively high. However, Beijing is taking advantage of the health and economic crisis to do a dramatic overhaul of its natural gas supply chains.
China has shifted its attention from its traditional Central Asia supply hub further west where another natural gas and LNG powerhouse is emerging.
The United States is emerging as the surprising winner as China, the world's second-largest importer of liquefied natural gas (LNG), continues to ramp up its LNG imports despite a buildup of tensions between the two nations.
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