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Washington Needs This LNG Deal More Than Beijing Does
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Xi Jinping arrives in Washington September 24, prepared to discuss reviving a $6 billion-a-year trade in US liquefied natural gas, contingent on lifting a 15% Chinese tariff that has blocked American gas since Q1 2025. Iranian missiles destroyed 17% of Qatar's LNG export capacity in March, and China absorbed that shock by buying more from everyone except the United States: Australia took 36% of its LNG imports from January through July, Southeast Asia 20%, Russia 12%, and Canada, a new entrant, 4%, according to Banchero Costa data. American cargoes…
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