China's halt in liquefied natural gas purchases from the United States, initiated by a 15% tariff as of February 10, signals a continued economic detachment from the U.S. market. Ship tracking data illustrates that Chinese imports of U.S. LNG had already dropped significantly before the tariff, while purchases from Russia surged, quadrupling last year's amounts. This shift is largely attributed to lower prices from Russian supplies, advantageous for Chinese utilities facing high costs from alternative sources.
Following the imposition of a 15% tariff by China on U.S. liquefied natural gas on February 10, China significantly reduced its imports from the U.S., continuing its economic decoupling from America.
In contrast to U.S. LNG, China has turned to Russia for its energy needs, importing four times as much LNG from Russia last year, driven by cheaper prices amid Europe’s exit from Russian gas.
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