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Chinese state oil giant CNOOC sees potential for US-China energy cooperation

  • CNOOC says it’s open to energy cooperation and could invest alongside U.S. partners in the future, according to CEO Huang Yongzhang.
  • Trade tensions mean most China-U.S. energy trade is frozen by tariffs, even though the U.S. is the top LNG exporter and China the biggest LNG importer — so there’s clear scope for deals.
  • Chinese firms already hold long-term U.S. LNG contracts but have been reselling cargoes to avoid tariffs; no concrete new deals have emerged yet.
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