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China Seeks Long-Term LNG Deals Beyond the Strait of Hormuz
China’s giant state LNG importers are in talks to secure long-term LNG supplies from exporters that don’t need the Strait of Hormuz, as the world’s biggest LNG buyer seeks to reduce its exposure to gas deliveries from the Persian Gulf…
AI Summary
China’s major state‑owned LNG importers are negotiating long‑term contracts with suppliers that can deliver gas without routing through the Strait of Hormuz, aiming to cut reliance on Persian Gulf shipments. The move reflects China’s status as the world’s largest LNG buyer and its desire to diversify supply routes amid geopolitical risk. In the previous year, China bought almost 30 % of its LNG from Qatar, its top Gulf supplier.
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