CNOOC Sees Room for US-China Energy Cooperation, Weighs Joint Investments

CNOOC signals potential for greater energy collaboration with the United States and says it could pursue investments with US partners, particularly in LNG. The company notes that the US is the world’s largest LNG producer and exporter while China is the largest LNG importer, leaving substantial room for cooperative growth. Despite last year’s tariffs that froze much of energy trade, bilateral relations have improved and CNOOC suggests work with US partners to create shareholder value, though no specific deals are disclosed. The remarks come in the context of discussions sparked by visits from U.S. officials and public comments by executives after CNOOC’s half-year results. CNOOC and other Chinese energy firms have long-term LNG supply contracts with US producers, and some shipments have been resold to avoid tariff costs since the tariffs began. The narrative across sources indicates a cautious optimism that a broader energy accord could emerge if political and economic relations continue to improve, with LNG at the center of potential cooperation.