China eyes Iranian LPG option
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
China could turn to Iran to cover the loss of LPG shipments from the US, after sky-high tariffs imposed by Beijing on all American goods last week effectively closed the burgeoning LPG trade route between the US Gulf Coast and China for the second time in less than seven years. LPG, a hydrocarbon that is mainly a mix of propane and butane, is widely used in China as a key feedstock in the petrochemical industry and as a clean fuel source for cooking in the residential sector. Chinese imports of US LPG had weakened even before Beijing expanded its retaliatory tariffs last week to cover all US goods—including the fuel—and hiked them from 84% to a trade-collapsing 125%. Chinese LPG buyers hav
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
