China Stops Imports of US LNG Amid Trade War, Custom Data Shows
(www.bloomberg.com)
from zaxvenz@lemm.ee to world@lemmy.world on 21 Apr 06:39
https://lemm.ee/post/61959785
from zaxvenz@lemm.ee to world@lemmy.world on 21 Apr 06:39
https://lemm.ee/post/61959785
China’s purchases of US liquefied natural gas plunged to zero in March after a sharp decline in the previous two months, as the trade war between the two biggest economies alters shipping routes.
The geopolitical conflict is once again decoupling the world’s largest LNG buyer and seller. An escalation in mutual tariffs has led China to impose a 125% tariff on all US goods, turning to Indonesia and Qatar for supplies.
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A consumer solar boiler sounds really tempting right now. This is a King Kong vs Godzilla battle for energy.
looks dubious
ourworldindata.org/…/electricity-prod-source-stac…
The US’s largest source of energy is natural gas, of which it is the largest producer in the world.
en.wikipedia.org/…/List_of_countries_by_natural_g…
The US also — though it’s been closing down production — has the largest known coal reserves in the world.
China’s largest source of energy is coal, of which it is the largest producer in the world. China does not use much natural gas.
en.wikipedia.org/…/List_of_countries_by_coal_prod…
I doubt that either is going to abruptly blow up over this.
IIRC there’s only like 54 years of natural gas supply at current consumption rate with all known deposits tapped. So the less use the better. Coal is supposed to be in the 300-400 year range.
Unexpected Win* for war on Climate Crisis
Not really, just new sources of the same. Nothing about this entire mess is good for the environment except the fact that birthrates will drop due to everyone being in miserable financial shape.
Less transporting of LNG over the pacific means less it can escape to the atmosphere.
I have added the * as IDK how in the long term it will play out. Will they close down production or re-route import and export to different markets. The Industry projects oversupply so we will see their moves.
Watching this trade war is like watching my two kids holding on to the same stick, both refusing to let go because they want to hold it. They are both not able to play while holding the stick. They are both holding up the rest of the family, causing us all to halt and get annoyed.
🖕 these immature countries.