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Benzinga
Benzinga
Business
Phil Hall

US LNG Exports To China Plummet By 95%: What You Need To Know

U.S. exports of liquefied natural gas (LNG) to China between February and April is down by 95% from the same period one year earlier, according to a Wall Street Journal analysis of Chinese government data. At the same time, LNG exports from Russia to China increased by 50% year-over-year for the same period.

What Happened: U.S. LNG exports to China were a crucial element of the Trump administration’s trade relations with China, and this carried over into the Biden administration.

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