gas crisis.  China resells gas to Europe at great profit

China makes money from the gas crisis

According to industry sources cited by WSJ, ENN Natural Gas Co. It intends to send the tanker Diamond Gas Victoria to Europe with the transport of liquefied natural gas from the Gulf of Mexico, which was purchased from Cheniere Energy. ENN could earn $110 million to $130 million on this gas load.

The rest of the article is below the video

See also: Quietly, with a smile and money. This is how the Chinese colonize Europe

Since 2021, Chinese suppliers and buyers have announced the signing of 17 contracts to supply about 19 million tons of LNG annually over the next five years, the Wall Street Journal reports. At a time when China’s demand for LNG has fallen significantly, Europe is trying to fill the gaps Raw materials energy with respect to Penalties imposed on Russia.

Deliveries may stop at any time

But It is uncertain how long Chinese companies will be able to resell LNG to Europe. It is impossible to predict when Beijing will ease epidemic restrictions, which will increase domestic demand for energy resources. It is also not known how much domestic gas production will increase in China – claims “The Wall Street Journal”.

Meanwhile, as it turns out, Chinese companies thwarted Russia’s plans to some extentthat wants to divide European countries by cutting off their gas supplies.

Rate our article quality:

Your feedback helps us create better content.

source:

Door

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Did Marcin Hackel’s boyfriend want to stab Katarzyna Cičubek? Along went the gang

It seems like Marcin Hackel’s current beau is getting bolder online. She…

Huge bankruptcies in the UK. The reason behind the high energy costs

Bank of England He warned of such a scenario in the middle…

Sanatorium at the expense of ZUS. What diseases qualify you to travel for free?

The sanatorium is available free of charge to people undergoing rehabilitation after…

Significant rise in the price of wheat in the spectacle. What are the prices of grain and rape in the beginning of October 2022?

Mutifa wheat is the most expensive since June Wheat prices on the…