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China’s Energy Giants Sell Gas to World Scrambling for Supply

  • Cnooc follows Sinopec and PetroChina with offers outside China
  • Lithium prices near record amid tight supply worldwide

China’s biggest energy groups are diverting more liquefied natural gas away from their languishing home market, offering some relief to desperate buyers suffering supply shortages in other parts of the world. 

Cnooc is offering to sell an LNG cargo for November loading from the North West Shelf export project in Australia, according to traders with knowledge of the matter. That comes after other major shippers, including Sinopec and PetroChina Co., sold several LNG shipments from US projects to energy-starved Europe throughout the year, traders said.