China Remains a Huge Market for All LNG Suppliers

China Remains a Huge Market for All LNG Suppliers

CGTN

Date: Tue, 09/25/2018 - 14:14 / source:CGTN
China Remains a Huge Market for All LNG Suppliers
China Remains a Huge Market for All LNG Suppliers

(Yicai Global) Sept. 25 -- China remains a huge market for all LNG suppliers and is willing to further open its market, according to the Information Office of the State Council press conference on Tuesday.

The US-initiated trade war has damaged the global value chain and inflicted a negative impact on normal trade, said Wang Shouwen, Vice Minister of Commerce and the deputy representative of international trade negotiations.

"The United States is an important supplier of China's LNG. But because the US has imposed trade restrictions, China is compelled to take corresponding measures," said Wang Shouwen when answering a question about the business opportunity for Australian LNG.

"Therefore, for the LNG producers in the United States, their export to China's market will be affected. This is a fact and has already been shown," Wang added.

"Australia is an important source of LNG for China. The trade volume between China and Australia is sizable, Wang explained. "The Chinese market will provide opportunities for all LNG suppliers."

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Keywords: Trade Frictions, LNG