Oops EU, China is keeping its LNG. So sorry…

🇨🇳 The Chinese authorities ordered large state-owned companies to stop the resale of liquefied natural gas to Europe and other Asian countries in order to ensure the winter heating season in China itself, writes Bloomberg.

China’s move to secure its own supplies could cut supplies to Europe and exacerbate the region’s energy crisis, writes Bloomberg.

China has large contracts to buy LNG from exporters like the US, with Asian traders diverting some of those supplies to Europe this year due to weak domestic demand.


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A survivor of six heart attacks and a brain tumor, a grumpy bear of a man, whom has declared Russia as his new and wonderful home. His wife is a true Russian Sweet Pea of a girl and she puts up with this bear of a guy and keeps him in line. Thank God for my Sweet Pea and Russia.