Trending News: Kazakhstan Oil Buyers Demand More Supply as Hormuz Closure Tightens MarketSolar Tops Coal in U.S. Power Mix for the First Month EverKKR Eyes $6.7 Billion Takeover of Irish Energy Distributor DCCEU Moves Against Russian LNG Shipping As Arctic Gas Imports SurgeWinGD delivers ammonia-fuelled vessel to ExmarLarge bank syndicate to fund Commonwealth LNG projectU.S. Company to Send 250,000 Barrels of Fuel to CubaAlberta Eyes General Corridor for New Pacific Oil PipelineChina Begins Tapping Oil Stockpiles as Middle East Crisis Drags OnOil Steady as Investors Weigh Renewed US-Iran FightingTrump Says Iran Has Taken Too Long to Negotiate, Will ‘Pay the Price’War Erases 1B Barrels of Cumulative Oil Supply from MarketTop Stories Of The Day: Meta-Reliance 168 MW AI Data Center; NLC OFS Expanded to 4.16 Cr Shares and More…Explained: Inside a Perovskite-Silicon Tandem Cell—How Layered Photovoltaics Achieve 30%+ EfficiencyProtium secures hydrogen supply with H-Power dealAI to push 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Wed. Jun 10th, 2026
Trending News: Kazakhstan Oil Buyers Demand More Supply as Hormuz Closure Tightens MarketSolar Tops Coal in U.S. Power Mix for the First Month EverKKR Eyes $6.7 Billion Takeover of Irish Energy Distributor DCCEU Moves Against Russian LNG Shipping As Arctic Gas Imports SurgeWinGD delivers ammonia-fuelled vessel to ExmarLarge bank syndicate to fund Commonwealth LNG projectU.S. Company to Send 250,000 Barrels of Fuel to CubaAlberta Eyes General Corridor for New Pacific Oil PipelineChina Begins Tapping Oil Stockpiles as Middle East Crisis Drags OnOil Steady as Investors Weigh Renewed US-Iran FightingTrump Says Iran Has Taken Too Long to Negotiate, Will ‘Pay the Price’War Erases 1B Barrels of Cumulative Oil Supply from MarketTop Stories Of The Day: Meta-Reliance 168 MW AI Data Center; NLC OFS Expanded to 4.16 Cr Shares and More…Explained: Inside a Perovskite-Silicon Tandem Cell—How Layered Photovoltaics Achieve 30%+ EfficiencyProtium secures hydrogen supply with H-Power dealAI to push semiconductor market beyond $1 trillion before end of 2026Green Energy Stocks End Mostly Lower Despite Positive Market Sentiment (10 June 2026)Precision under pressure – the how and why of analysing UHP specialty gasesHow Offshore Wind Infrastructure Is Enabling the Next Wave of Blue Economy InnovationGamuda Berhad Secures Australian Support For Major Solar And Wind Projects In TasmaniaOil Prices Jump After U.S. Strikes Iran Over Downed ApacheJapan Secures Major LNG Deal as Energy Risks MountU.S. to Release LNG and LPG Reserves to ASEAN CountriesYokogawa Enhances OpreX Collaborative Information ServerSweden gas plant to make metal powder for additive manufacturingMeta Partners with Reliance for 168 MW AI Data Center in India, Backed by Nearly 1 GW of New Renewable Energy CapacityAir Liquide commissions CO2 capture pilot at Holcim’s CaptureLabThyssenkrupp Uhde wins pre-FEED for Brazilian ammonia projectsVideo | What’s the best way to finance medical oxygen access?Hydrogen in Latin AmericaAI and space industries set to drive next wave of specialty gas demand, says Messer CEOAI and space industries set to drive next wave of specialty gas demand, says Messer CEOMiddle East crisis costing European states €45bnSalzgitter secures green hydrogen supply from EWEBLM Opens Review of 126,744 Acres for Colorado Oil and Gas Lease SaleUS Crude Oil, Gasoline Inventories Keep Sinking, but Prices Don’t CareQatarEnergy Adds Another Oil Discovery to Namibia’s Hot StreakUS Natgas Output and Demand to Hit Record Highs in 2026, EIA SaysOil Inventories Headed Toward Multi-Decade Lows, US EIA WarnsUS Power Use to Beat Record Highs in 2026 and 2027 as AI Use Surges, EIA SaysDevon Energy provides Full-Year Forecast After Merger With Coterra EnergyChile and Argentina sign nuclear cooperation agreementBN-1200 targeted for construction start in 2027Japan, Kazakhstan extend cooperation on fast reactorsIndia Eyes Russian Steelmaking Coal AssetsIndia’s Fuel Demand Falls 6.5%, LPG Consumption Drops 20%Kuwait Offers First Crude Cargoes to Asia since Iran War StartedNew York State’s Electricity Reserves are Shrinking, Grid Operator SaysUS Energy Secretary Says Ship Traffic Through Strait of Hormuz Rising ‘Very Meaningfully’Oil Inventories are Headed Toward Multi-Decade Lows, US EIA WarnsUK biogas AI platform lands £1m government prizeOil Falls as Investors Await Clarity After Iran-Israel Halt AttacksPermian Strategic Partnership Highlights $2.3 Billion in Regional Investment and Expanding Economic Impact Across the Permian Ba…The Oil Shock Is Weakening India’s Economy and FinancesMorgan Stanley Sees Asian LNG Prices Soaring to 3.5-Year HighWorld’s 65 Biggest Banks Pumped $906 Billion Into Fossil Fuels in 2025Technip and Airbus Create Sustainable Aviation Fuel JVAir Liquide CCS cement project buoyed by subsidyClean Energy starts RNG production at Idaho dairy farmHow SOL Group’s India link-up expands its specialty gas offerCase study: automated analysis of high purity CO and CH₄European Energy and Engie target 150MW expansion at Kassø hydrogen project45-8 confirms helium flows in French drilling campaignEU proposes ban on sale of LNG tankers to Russia under new sanctionsSpanish hospital pilots AI-driven oxygen therapy systemMore LNG Tankers Slip Through the Strait of HormuzChina’s Oil Imports Plummet to Eight-Year LowAsia Is in the Eye of the Energy CrisisCloud data storage impacted by helium supply shockPeak Cluster UK CCS project advances to next stageTechnip targets 160,000-tonne alcohol-to-jet SAF plant in French portFrom Challenges to Opportunities: LONGi Vision for a More Sustainable Renewable Energy Future in the LevantMaharashtra Urja Expo 2026 Powers India’s Clean Energy Momentum with Industry Recognition, Innovation & Collaboration Green Energy Stock—Renewable Energy And EV Stocks Lead Market Rally As Sensex And Nifty Close Higher (09 June 2026)Oil Gives Back Most of Monday GainsOman Advances Renewable Energy Push With Marsa Solar IPP Consultancy TenderNew Zealand shortlists two LNG terminal providersEgypt to Connect Second Phase of 500 MW Obelisk Solar Project to National Grid in Coming WeeksVideo | How LeanMed is expanding access to medical oxygenIntensifying competition for e-fuel-compliant CO2South Korea to launch auctions for 1.43TWh of hydrogen powerIranian Official Says Hormuz to Reopen with New Toll RegimeRussia Slashes Oil Exports As Fuel Shortages And Drone Attacks BiteWeak Chinese Demand Forces Cuts to Iranian Crude PricesFrom Tail Risk to Design Baseline: How the Grid Is Adapting to Extreme HeatRenewed Bruce 3 back in serviceFuel manufactured for Kudankulam 4’s initial loadingAustralian thorium to fuel Ampera energy systemDummy fuel successfully loaded in Akkuyu 1SMRs to be considered at Romanian portUS Airlines’ Fuel Costs Soared in April to $6.5 BillionEurozone Fuel Sales Fall 3.5% as Iran War Sends Prices SurgingEscalating Strike Action at Australian LNG Sites Could Hit SupplyChina’s LNG Imports Hit Highest Point Since Iran War BeganOil Market Calm Masks a Host of Unknowns: BoussoIsrael Hits Iranian Petrochemical Plant as War EscalatesChina Delays 500,000 Bpd Of Refining Capacity As Hormuz Disruptions DeepenBrent Climbs to $94 as Houthis Target Israeli Vessels in Red SeaNew technologies firmly in sights of incoming BCGA PresidentUniper deepens Germany–Canada LNG ties
Wed. Jun 10th, 2026

PetroChina Eyes North American LNG Volumes to Reduce Risk, Says Exec

“If I look at our portfolio today, I think we’re slightly overweight on duration. I think we signed too many, very long term, take-or-pay SPAs (sales and purchase agreements),” said Zhang Yaoyu, assistant chief executive and global head of LNG.

He added that Asia and China as a whole need more flexibility in their LNG term deals, and that is something that PetroChina International actively tries to “derisk upon.”

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“We firmly believe the diversification process has significantly improved the resiliency of the portfolio, and that’s something that we have been working really hard on.”

Zhang also said that the company’s portfolio is slightly overweight on inflexible term supply volumes, and it would be interested in taking on some North American positions.

LNG buyers and traders may seek term contracts without destination restrictions so they can resell cargoes when demand is low. Many supply deals from U.S. sellers do not have destination restrictions.

(Reporting by Sudarshan Varadhan, Editing by Louise Heavens)

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