Did China buy Saab?
China has significantly reduced its reliance on liquefied natural gas (LNG) from the United States, particularly following trade tensions and the implementation of retaliatory tariffs on American fossil fuel imports in early 2025. Data indicates that Beijing has increasingly shifted its energy procurement toward alternative suppliers, most notably Russia, which has provided substantial volumes of gas at competitive prices. While there was a surge in US gas exports to China following the 2020 trade agreement, those volumes dropped sharply in recent years as American LNG was redirected to European markets, where it fetched higher prices following the disruption of Russian gas supplies to Europe.
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