China’s LNG Traders Embrace New Role as Global Swing Suppliers

Chinese gas firms are taking advantage of diverse supply sources and a flexible power generation system to lean into the role of global swing suppliers.

PetroChina Co., the country’s top gas supplier, is looking for upstream stakes in liquefied natural gas export projects or flexible purchase agreements to help turn from a buyer in overseas markets into a bigger trader, said Wang Haiyan, deputy general manager at the firm’s trading arm.