What did CNOOC's CEO say about the potential for US-China energy cooperation, and what specific rationale did he provide?

CNOOC Ltd CEO Huang Yongzhang stated that there is 'still a lot of room for cooperation in the future' between the U.S. and China in the energy sector, citing that 'the U.S. is currently the world's largest producer and exporter of LNG, while China is currently the largest importer of LNG.' He emphasized this complementary supply-demand relationship as the foundational rationale for potential collaboration, though he did not detail any specific deals or timelines.

How has the U.S.-China trade conflict affected energy trade, and what has been CNOOC's practical response to the ongoing tariffs on U.S. oil and gas?

Beijing imposed tariffs on U.S. oil and gas during last year's trade war, freezing most energy trade despite earlier purchases; these tariffs remain in place. In response, Chinese energy companies including CNOOC — which hold long-term supply deals with U.S. LNG producers — have resold the cargoes instead of paying the tariffs, effectively sidestepping direct importation while maintaining contractual relationships.

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

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