Communist China has told state-owned energy-importing companies to cease sending natural gas supplies to European nations already facing a catastrophic winter.
According to Bloomberg, the Chinese Communist Party’s National Development and Reform Commission also told the state-owned energy giants CNOOC, PetroChina, and Sinopec to halt shipments of liquified natural gas to foreign buyers in Europe and Asia.
China scooped up excess Russian gas since the war in Ukraine, as Europe faces an unprecedented energy crisis.
The communist nation has managed to build up an excess of liquified natural gas amid lockdowns to comply with Beijing’s zero-Covid agenda.
As Russia reduced shipments to the European Union in response to the bloc’s support of Ukraine and sanctions on Moscow, China began reselling its surplus LNG cargo to the EU at inflated prices.
According to estimates, some four million tonnes of liquid natural gas was resold by China, which accounts for approximately seven percent of Europe’s imports during the same period.
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