Economics
China Is Buying Iranian LPG Despite Sanctions, Ship-Tracking Shows
- Trade war, U.S. sanctions on Iran choke gas supply to China
- Some Chinese customers still importing Iranian cargoes: Kpler
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After being hit by the trade war and U.S. sanctions on Iran, some Chinese buyers of liquefied petroleum gas from the Persian Gulf nation are finding it’s too tough a habit to kick.
China sourced around a fifth of its LPG -- used as cooking fuel, in cigarette lighters and to make plastic -- from the U.S before Beijing slapped a 25% tariff on the gas last August as the trade tussle heated up. Buyers then turned to Iran, which accounted for around a third of imports in April, before President Donald Trump blocked all energy exports from the country in May.