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
The post China Buys Record Amounts of US Gas: WSJ appeared first on Asia Financial.
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