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Friday, November 15, 2024

China is benefitting from LNG sales to Europe as some traders resell non-Russian cargoes at high prices while restocking with cheap Russian fuel

China has become an unlikely supplier of natural gas to energy-strapped Europe, which is scrambling to load up on the fuel ahead of winter after Russia slowed supplies to the region. The unusual development comes as China snaps up cheap liquefied natural gas, or LNG, from Russia amid boycotts and …

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