US-China trade truce extension delays LNG tariff risk
The United States and China have extended a bilateral trade truce – the so-called Busan Agreement – until January 10. The accord reduces the risk of renewed tariff escalation between the world’s two largest economies, but does not include a commitment that China will buy US LNG.
Trump-Xi summit: energy trade sits beneath AI headlines
Chinese President Xi Jinping will fly to Washington for a state visit on 24 September in a bid to stabilise a relationship strained by tariffs and technology controls. LNG markets eagerly await whether Xi will agree to remove the 15% tariff on US LNG imports to China, which currently renders such imports uneconomic.
Glencore signs 10-year CIF LNG deal with China Suntien affiliate
Swiss commodity trader Glencore has signed a 10-year LNG supply contract with S&T International, part of China Suntien Green Energy, on a cost, insurance and freight (CIF) basis. Deliveries are expected to start in 2027.
Bangladesh approves costlier CNEE FSRU as gas shortages deepen
Bangladesh has approved in principle a proposal by China National Energy Engineering & Construction Co (CNEE) to build and operate the country's third floating LNG import terminal, despite the Chinese company's regasification fee being substantially higher than those of existing terminals.
China’s syngas expansion could displace 20 Mt of LNG
China’s push to build out its coal-to-gas (CTG) industry will curb reliance on imported LNG. Targeted to reach 28 Bcm/year of synthetic gas production by 2030, Beijing’s CTG program equates to roughly 20 mtpa of pipeline‑quality gas that can substitute for imported LNG.
CNOOC’s Binhai LNG terminal resumes reload trade
CNOOC's Binhai regasification terminal in Jiangsu has resumed commercial LNG reloads and received its 100th LNG carrier, underscoring its role in the Chinese gas trading market.
Arctic LNG 2 passes its 2025 total in H1-2026, the long way round
Sanctioned Arctic LNG 2 has already despatched more LNG to China this year than in the whole of 2025. LNG Journal's own research shows 24 cargoes totalling 1.49 MMt sailed for China by 16 July on a sailed-date basis, against 17 cargoes and 1.05 MMt across all of last year, a total passed as early as 19 May.
Al Fat'h at Yangpu: Bonded, not (yet) imported
One US LNG cargo reached China on 16 July, the first in seventeen months, but it may never be imported. Our tracking shows the Al Fat'h diverted from Huizhou, an ordinary customs berth, to bonded Yangpu, where a cargo can wait, clear customs, or leave again with duty never falling due. Which of those happens is not yet knowable, and Beijing's tariff on US LNG still stands.
First US LNG cargo discharges in southern China
China has received its first US LNG cargo in nearly 1.5 years, with the Al Fat’h carrier – loaded at Plaquemines in early June – berthing and discharging at Yangpu LNG terminal in Hainan, southern China. Al Fat'h's charterer is reportedly QatarEnergy LNG, which has a 3 mtpa supply obligation with PetroChina.
One berth, one supplier
Beihai LNG in Guangxi has discharged 26 cargoes this year to 13 July, and every one of them came from Russia. That intake marks the terminal’s second-busiest first half in eight years, behind only 2024, and ten cargoes more than it took over the same window last year. The berth is working at its usual rate. Nothing else has come through it.
