PetroChina Is Said to Mull Temporary Halt of U.S. LNG Purchases

PetroChina Is Said to Mull Temporary Halt of U.S. LNG Purchases

Assessment

Interactive Video

Business

University

Hard

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The video discusses China's strategy to mitigate the impact of potential US LNG import issues. China imports about 5% of its LNG from the US and may swap cargoes with other suppliers in East Asia to minimize costs. The possibility of a 25% tax on US LNG imports is explored, with potential impacts on other Chinese buyers. The trade war is escalating, and China is under pressure to produce more gas domestically. Alternative suppliers like Australia and Qatar could benefit if China reduces US LNG imports.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What strategy is China considering to minimize the impact of potential trade issues with the US regarding LNG imports?

Investing in renewable energy sources

Reducing overall LNG consumption

Swapping cargoes with other suppliers in East Asia

Increasing domestic LNG production

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of China's LNG imports come from the United States?

15%

10%

5%

20%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action might China take in response to the escalating trade war with the US?

Increase LNG imports from the US

Impose a 25% tax on US LNG imports

Ban all US imports

Subsidize US LNG imports

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which countries are mentioned as potential suppliers to China if it reduces US LNG imports?

Australia and Qatar

India and Brazil

Norway and Mexico

Russia and Canada

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the global market condition for LNG that could help China find alternative suppliers?

Oversupply

Shortage

High demand

Stable supply