Chinese Oil Giant CNOOC Sees US Energy Cooperation Potential

Chinese state-owned oil giant CNOOC expressed optimism for future energy cooperation with the United States, noting potential investments with US partners. Despite Beijing's tariffs on US oil and gas, which have largely frozen trade since last year's trade war, CNOOC's General Counsel highlighted the US as the largest LNG exporter and China as the largest importer, indicating substantial room for collaboration. While current tariffs force Chinese firms to resell US LNG cargoes, any future thawing of trade relations could influence global crude oil and gas prices. For Pakistan, a shift in US-China energy dynamics could indirectly affect imported energy costs and, consequently, broader economic stability.

بحوالہ / Source: www.brecorder.com