China has told its state-owned gas importers to stop reselling liquefied natural gas (LNG) to foreign buyers as the government aims to secure the nation’s own supply for the winter heating season, Bloomberg reported on Monday.
People with knowledge of the matter told the news outlet that the National Development and Reform Commission has asked PetroChina, Sinopec, and CNOOC to keep their winter supplies for domestic use. While the sales had offered some relief to European buyers, rapidly filling inventories and record-high shipping costs also reduced the appeal of reshipping the fuel, the sources reportedly said.
www.rt.com/business/564808-china-halts-energy-exports-eu/
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