China flips to selling LNG export cargoes as pandemic curbs dent demand

China, the world’s largest LNG importer, has become a seller of LNG export cargoes as domestic demand wanes amid pandemic movement curbs in Shanghai and fears of similar restrictions being imposed elsewhere in the country as authorities move decisively to stem the spread of COVID-19. “Except for the big three national oil companies – PetroChina, Sinopec and CNOOC– which have…