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Trump Tariff: China has stopped buying liquid natural gas (LNG) from America for 60 days. This is the first time in the last five years when such a long gap has come on the import of LNG. Tension about tariffs in both countries is at its peak. Due to this, LNG buyers in China are importing it from other countries. According to the analytics firm Capler, which tracks ship data, no American shipment is currently going towards China. & Nbsp;
LNG’s business between US and China is zero
According to a report by Bloomberg, during the first term of US President Donald Trump, China did not take any shipment from the US for about 400 days till April 2020.
Energy Consultancy firm Rystad Energy Energy, Head of Chinese Gas Research, Vai Jionag said, “LNG business between China and America is expected to continue till the end of 2025 as China has increased the tariff on American LNG from 15 percent to 49 % in response to Trump’s high tariff. Supply is being done. After Australia and Qatar, Russia has become China’s largest LNG supplier. & Nbsp;
Many big deal between the two on the purchase of LNG
Let us know that in response to Trump’s tariff, China imposed 15 percent tariff on US LNG shipment from February 10, which was increased to 49 percent last week. Due to this, Chinese LNG traders have to get shipments from somewhere in exchange for America.
Where America’s contribution to China’s LNG imports in the year 2021 was 11 percent. At the same time, in 2024 it came down to 6 percent. For the purchase of LNG, there are 13 deals between many big energy companies and American terminals like Petro China and Sinopec, which are up to 2049. However, due to tariffs and rising inflation, many of these want to reconsider these agreements. & Nbsp;
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