{
  "id": 3917350,
  "title": "Chinese state oil giant CNOOC sees potential for US-China energy cooperation",
  "url": "https://urgent.news/2026/08/28/chinese-state-oil-giant-cnooc-sees-potential-for-us-china-energy",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-28T06:53:20.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40436850/chinese-state-oil-giant-cnooc-sees-potential-for-us-china-energy-cooperation"
  },
  "original_language": "en",
  "account": "CNOOC, a prominent Chinese state-owned oil and gas company, believes there is potential for energy cooperation between China and the United States, according to a senior executive. Xu Yugao, CNOOC's general counsel, stated that the company would consider investments alongside US partners in the future. This comes after China imposed tariffs on US oil and gas products during the trade war last year, but relations have since improved and the tariffs remain in place, leaving the energy trade mostly frozen. At the time of President Donald Trump's visit to Beijing in May, US officials mentioned the possibility of energy deals, including China buying more liquefied natural gas (LNG), although no concrete deals have materialized yet. Xu noted that the US is the world's largest producer and exporter of LNG, while China is the largest importer, highlighting the significant potential for future cooperation in this sector. The company's general counsel also mentioned that CNOOC would collaborate with partners, including US entities, to invest in areas where value can be created for shareholders. Notably, CNOOC has made multiple significant oil discoveries, including a second major find in the Bohai Sea. The company is among several Chinese energy firms that have established long-term supply agreements with US LNG producers. Due to the tariffs, these companies have been reselling cargoes instead of bearing the tariffs.",
  "summary": "Chinese state-owned oil and gas major CNOOC sees potential for energy cooperation between China and the United States, a senior executive said on Thursday, adding that the company would consider investments alongside US partners in the future. China was a buyer of US oil and gas until Beijing imposed tariffs on the products during last year’s trade war. While relations have improved since then,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}