PetroChina Looks to De-Risk LNG Trades with North American Supply

PetroChina’s trading arm is looking to boost the flexibility of its LNG trading portfolio with supply from North America, a senior executive at the Chinese state-run oil and gas giant told Reuters on Tuesday. LNG supply from U.S. LNG exporters typically doesn’t have restrictions on destination, unlike volumes from Qatar, for example.

The Middle Eastern LNG exporter, the second-largest in the world after the United States, prefers to sign long-term supply agreements with buyers with restriction clauses for where the LNG can be delivered.…