China Is Reselling U.S. LNG To Europe For Big Profits ...Middle East

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China Is Reselling U.S. LNG To Europe For Big Profits
source : OILPRICE ( Middle East ) () 23
Chinese companies that have signed long-term contracts to buy U.S. liquefied natural gas have been selling their excess inventories to Europe and reaping big profits from the sales thanks to weak demand in China, the Wall Street Journal reports. WSJ reports that just 19 LNG vessels from the U.S. docked in China in the first eight months of the year, a far cry from 133 recorded for last year’s comparable period. China’s key buyers are located in Europe, Japan and South Korea.China has imported nearly 30% more gas from Russia so far this…

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