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中国从美国能源进口几乎归零
3 6 Ke·2025-08-27 04:13

Core Viewpoint - China's energy imports from the United States have nearly reached zero, indicating a long-term trend of "de-Americanization" in energy sourcing, which may impact international market dynamics and pricing in the future [1][2][6] Group 1: Energy Import Data - In July, China imported less than 1 ton of crude oil, liquefied natural gas (LNG), and coal from the U.S., marking the lowest level since December 2019 [1] - Since March, LNG imports from the U.S. have been zero, and crude oil imports have also been zero since June [1] - Coal imports from the U.S. dropped significantly from approximately 1.35 million tons per month to less than 1 ton after May [1] Group 2: Trade Relations and Tariffs - The ongoing stalemate in U.S.-China trade negotiations has contributed to the sustained "de-Americanization" trend, with tariffs on Chinese goods being extended [2][4] - China's retaliatory tariffs on U.S. LNG, coal, and crude oil remain unchanged due to the "fentanyl tariffs" imposed by the U.S. [4] Group 3: Alternative Energy Sources - China's domestic natural gas production increased to 21.6 billion cubic meters in July, a year-on-year growth of 7.6%, while pipeline imports from Russia and Central Asia rose by 4.8% [5] - The import of Russian crude oil increased by 16.8% year-on-year in July, driven by the lower prices of Russian oil due to Western sanctions [5] Group 4: Market Implications - China's shift away from high-priced LNG has contributed to a decrease in LNG prices in Asia, with October futures hovering around $11 per million BTU, down approximately 20% from late June [6] - Long-term price pressures may arise due to delayed investment decisions in new U.S. LNG projects, potentially affecting future supply post-2033 [6]