With U.S.-China trade tensions simmering, the energy relationship between both countries could not be more important. A decade ago, both countries had little common interests in energy other than being large importers of oil. Today, this relationship is completely changed.
Through shale, the US has become a major exporter of energy and may soon reach the point of energy independence. China energy imports on the other hand continue to grow and dependency on the Middle East has never been greater. With US energy exports likely to continue to grow, China could be an important market. Already China is a major importer of US oil and the third largest importer of US LNG.
Over the next decade China's imports of LNG will surge on polices to reduce pollution and through coal to gas conversion. Thanks to shale the US could be a major supplier of LNG, with among the cheapest gas prices in the world. Does China want US LNG? How much LNG can the US send to China? Will it make a difference to the trade deficit? Can strategic competitors be collaborators in energy?
First 15 minutes is for networking
Sandwiches and beverages included