China halts LNG sales to foreign buyers to ensure own supply, reports say
China has asked its state-owned gas importers to stop reselling liquefied natural gas (LNG) to buyers in Europe and Asia as it seeks to ensure its own supply for the winter season, Bloomberg News reported on Monday. China's National Development and Reform Commission has asked PetroChina Co, Sinopec and Cnooc Ltd to keep winter cargoes for domestic use, the report said, citing people familiar with the matter. The commission could not be reached for comment. PetroChina, Sinopec and Cnooc did not immediately respond to Reuters' requests for comment. The news comes as China's LNG importers seek to stay out of the spot market this winter as demand growth has skidded to the slowest since 2002, meaning the world's top importer of the fuel will likely avoid competing with crisis-hit Europe for supplies. On Monday, Chinese authorities said the country would greatly increase domestic energy supply capacity and its reserve capacity for key commodities, reiterating a policy of ensuring supplies and stabilising prices of raw materials. |
Turkey imposes export restrictions on Israel until Gaza ceasefire
119009.04.2024, 19:18Forbes has released its list of the world's billionaires. There are more than ever before – and they're wealthier.
101802.04.2024, 21:12Media: Türkiye may reduce purchases of F-16s from United States
179730.03.2024, 18:48#FoxNews: Ukraine aid surpasses $113 billion
182029.03.2024, 11:30Baltimore bridge's $81 billion trade crisis (photo)
211527.03.2024, 14:36EU approves 13th sanctions package against Russia
509521.02.2024, 14:54