A car refueling at a gas station in Guangzhou, on April 7. [Photo/VCG]
Expanding energy ties between China and the United States will contribute to broader bilateral economic cooperation amid shifting global market dynamics, industry experts said.
Liu Jia, chief expert at the Economics & Technology Research Institute, a think tank of China National Petroleum Corp, or CNPC, said that the world's two largest economies share a complementary dynamic, with the US' energy export growth aligning with China's substantial market demand.
The push for closer cooperation comes as the US rapidly expands its liquefied natural gas infrastructure, with export capacity projected to reach 150 million metric tons per year by 2028, according to the research institute.
Liu said that this expansion creates a structural necessity for partnerships, as new US liquefaction projects require the security of long-term buyers to obtain necessary financing and make final investment decisions.
