PetroChina is said to mull suspending U.S. LNG purchases
Here we go – they discovered the swap. As I said, consequences of Chinas tariffs will be close to nil for US projects. Except for those pushing financial bubbles. Those houses of cards will take a hit as they feast on the consequences of appearances.
PetroChina Co. may temporarily halt purchases of U.S. liquefied natural gas spot cargoes through the winter to avoid potential tariffs amid a trade conflict between the U.S. and China, according to people with knowledge of the strategy.