China’s Energy Policy: Flexible, but Unshakeable

... billion, is to be made in 2020. Today, the situation surrounding the project is unclear. The escalation of the direct U.S.–China trade war is thus bringing greater losses to the US than to China, which can use alternative sources given the oil and LNG supply glut on the global market and oil and gas being offered at acceptable or even lower prices. Yet the US is affecting the freedom of choice between such sources by imposing sanctions, in particular, on Iran and Venezuela. Until recently, these countries were important suppliers of oil to China. US Sanctions against Iran The international ...