PetroChina Is Said to Mull Temporary Halt of U.S. LNG Purchases

The video discusses China's strategy to mitigate the impact of potential US LNG import issues. China imports about 5% of its LNG from the US and may swap cargoes with other suppliers in East Asia to minimize costs. The possibility of a 25% tax on US LNG imports is explored, with potential impacts on other Chinese buyers. The trade war is escalating, and China is under pressure to produce more gas domestically. Alternative suppliers like Australia and Qatar could benefit if China reduces US LNG imports.

What strategy is China considering to minimize the impact of potential trade issues with the US regarding LNG imports?

• Investing in renewable energy sources

• Reducing overall LNG consumption

• Swapping cargoes with other suppliers in East Asia

• Increasing domestic LNG production

What percentage of China's LNG imports come from the United States?

• 15%

• 10%

• 5%

• 20%

What action might China take in response to the escalating trade war with the US?

• Increase LNG imports from the US

• Impose a 25% tax on US LNG imports

• Ban all US imports

• Subsidize US LNG imports

Which countries are mentioned as potential suppliers to China if it reduces US LNG imports?

• Australia and Qatar

• India and Brazil

• Norway and Mexico

• Russia and Canada

What is the global market condition for LNG that could help China find alternative suppliers?

• Oversupply

• Shortage

• High demand

• Stable supply