CNOOC Seeks Energy Cooperation With United States Partners

CNOOC, a Chinese state-owned oil and gas company, has expressed interest in pursuing future energy cooperation and potential investments with partners in the United States. General Counsel Xu Yugao stated that significant room for cooperation exists because the U.S. is the world's largest producer and exporter of liquefied natural gas (LNG), while China is the largest importer.

This outreach occurs while energy trade remains frozen due to tariffs imposed by Beijing during a trade war last year. To avoid these tariffs, some Chinese energy firms holding long-term U.S. LNG supply deals are currently reselling their cargoes.

Although U.S. officials discussed the possibility of new energy deals during President Donald Trump's visit to Beijing in May, no formal agreements have been reached.