China emerging as global LNG trading power – Reuters ...News

Economy by : (Russia Today) -
Beijing is reportedly turning from a net importer into an international seller of the fuel Chinese importers of liquefied natural gas (LNG) have been securing new contracts with world suppliers in a bid to boost Beijing’s presence on the global LNG market, Reuters reported this week. The news agency said Chinese gas traders have been setting up new trading desks or expanding existing ones in Singapore and London, putting them in direct competition with LNG heavyweights such as Shell, BP, TotalEnergies, and Equinor. Traders and analysts told the outlet that Chinese importers have also ramped up the scale of long-te

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