Energy companies that have long-term contracts re-export excess US gas to the EU at a huge premium, the outlet claims China is reselling US liquefied natural gas (LNG) on lower domestic demand to energy-strained European states for massive profits, the Wall Street Journal reported this week. Once the largest importer of LNG, China is now exporting on a large scale. As domestic demand for energy has been falling in recent months, China has begun reselling excess LNG onto the global market, with Europe, Japan and South Korea among key buyers. Taking advantage of low-cost purchases under long-term contracts, Chinese
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