State-owned China National Offshore Oil Corp. (CNOOC), the country’s largest LNG importer, has entered a joint venture (JV) to build more of the massive vessels that transport the super-chilled fuel around the world. The company has partnered with China Merchants Energy Shipping Co. Ltd. (CMES) and Japan’s NYK Line to build six liquefied natural gas…
China LNG
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China LNG Reloads Surge Amid Weak Domestic Demand
China is on track to re-export the highest annual amount of LNG since it started importing the super-chilled fuel in 2006 as the country’s major buyers get more active in the spot market and domestic demand remains weak. According to Kpler data, China has sold more than 0.40 million tons (Mt) of LNG year-to-date, up…
June 6, 2023