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By Marwa Rashad LONDON, March 9 (Reuters) – U.S. liquefied natural gas (LNG) exporters are emerging as big winners of Europe’s supply crisis as they export record volumes to the European Union.
China's push into the international LNG market comes two decades after it made a similar big splash in oil trading, and will put its firms in competition with established players.
Chinese firms are set to become a major trading force in the global liquefied natural gas market in coming years, thanks to liberalisations at home and recently signed long term contracts for record amounts of LNG from U.S. suppliers. Setting their sights beyond the domestic market, state-run Sinopec Corp, Sinochem Group, privately-controlled ENN Natural Gas .
Asian spot liquefied natural gas (LNG) rose this week as cold weather in Japan and parts of northern China lifted demand and amid concerns over European supply disruptions from Russia. The average LNG price for March delivery into north-east Asia rose to $27.00 per metric million British thermal units (mmBtu), up $4.00 or 17.4% from .