China has gone 40 days without importing US liquefied natural gas, the longest gap in nearly two years, Bloomberg News reported Tuesday.
Beijing's 15% tariff on US LNG is forcing traders to divert shipments to Europe and seek alternatives from Asia-Pacific and the Middle East, according to the report. The trade war, reignited by US tariffs on Chinese goods, threatens to decouple the world's largest LNG buyer and seller.
Chinese firms are reselling US LNG commitments and boosting domestic gas production, which rose 3.7% year on year in early 2025, Bloomberg wrote.
Meanwhile, China Resources Gas (HKG:1193) signed a 15-year deal with Australia's Woodside Energy (ASX:WDS), signaling a shift in supply sources, according to the report.
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