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       #Post#: 30--------------------------------------------------
       Shopping from the Metaverse and Web3: a new way of shopping
       By: chandna rani Date: September 9, 2023, 6:25 am
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       Throughout the 2010s, China's domestic production relative to
       its consumption fell sharply, to the point that, in 2021,
       imports accounted for well over 40% of total consumption. In
       2021, Chinese demand for liquefied natural gas ( LNG) rose a
       staggering 19% as the structural shift towards gas was
       reinforced by the post-pandemic economic recovery. During 2021,
       China replaced Japan as the world's largest importer of LNG ,
       although imports from Beijing also increased through the
       Siberian Force gas pipeline. For other gas-importing countries
       in Asia and Europe, this represented a huge energy shock of a
       magnitude more than comparable to previous oil crises.
       In December 2021, EU natural Phone Number List
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       futures were 18 times higher than in
       January 2020. However, the key fact of Beijing's energy strategy
       is its willingness to ensure the diversification of supply
       sources. Gas is no exception. When Putin and Xi Jinping met in
       Beijing just before the invasion of Ukraine, they agreed that
       China would import an additional 10 billion cubic meters via
       pipelines.5. Outside of this agreement, Chinese energy companies
       signed a series of purchase and sale agreements with American
       LNG companies , including two large long-term agreements and one
       medium-term agreement with Global LNG.
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       The October 2021 agreements ended a period in which relations
       between the United States and China weakened, first due to the
       2018-2019 trade war and then due to the pandemic. Seen in a
       broader context, this fact, together with the coordination of
       the release of oil reserves, suggested a certain complementarity
       in the energy interests of the United States and China, although
       other more antagonistic dynamics continued to exist. However,
       the entry into the LNG marketsof Europe's largest economy and
       largest gas consumer, induced by war, could again destabilize
       the energy relationship between Washington and Beijing.
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