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Chinese state-owned energy giants have been recently told by authorities to stop reselling liquefied natural gas.In recent months, Chinese LNG importers have been selling their excess inventories to Europe.Europe’s LNG supply could dwindle just ahead of the winter heating season.The National Development and Reform Commission (NDRC), China’s top planning body, has told the country’s state-held LNG importers, including Sinopec, PetroChina, and CNOOC, that they should stop reselling LNG cargoes and keep them to ensure Chinese gas supply this winter, sources familiar with the development told Bloomberg on Monday....OilpriceChina To Stop Reselling LNG To EuropeCharles Kennedy
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Chinese state-owned energy giants have been recently told by authorities to stop reselling liquefied natural gas.In recent months, Chinese LNG importers have been selling their excess inventories to Europe.Europe’s LNG supply could dwindle just ahead of the winter heating season.The National Development and Reform Commission (NDRC), China’s top planning body, has told the country’s state-held LNG importers, including Sinopec, PetroChina, and CNOOC, that they should stop reselling LNG cargoes and keep them to ensure Chinese gas supply this winter, sources familiar with the development told Bloomberg on Monday....OilpriceChina To Stop Reselling LNG To EuropeCharles Kennedy
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Mike Norman considers the following as important:
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- Chinese state-owned energy giants have been recently told by authorities to stop reselling liquefied natural gas.
- In recent months, Chinese LNG importers have been selling their excess inventories to Europe.
- Europe’s LNG supply could dwindle just ahead of the winter heating season.
The National Development and Reform Commission (NDRC), China’s top planning body, has told the country’s state-held LNG importers, including Sinopec, PetroChina, and CNOOC, that they should stop reselling LNG cargoes and keep them to ensure Chinese gas supply this winter, sources familiar with the development told Bloomberg on Monday....
Oilprice
China To Stop Reselling LNG To EuropeCharles Kennedy