US Energy Secretary: There are many opportunities for mutually beneficial energy trade with China

Chris Wright, the U.S. Energy secretary, said that there are many opportunities for a "win/win" energy trade between China & the United States.

Donald Trump, the U.S. president and Xi Jinping, the Chinese president, reached a fragile truce on trade in South Korea Thursday. The agreements were on China's purchases of soybeans and exports of rare earths.

There is room for a great deal of energy trade between China & the United States. China is the world's largest natural gas importer. The United States is the world's largest natural gas exporter. There's a lot to gain there," Wright told journalists on the sidelines a G7 summit of energy and environment ministers in Toronto.

He reiterated the fact that the U.S. is the top natural gas producer in the world and can provide all of Europe's needs if Europe decides to stop importing gas from Russia as a way to put pressure on Moscow because of the conflict in Ukraine.

He said: "We could tomorrow replace all of the Russian natural gas coming to Europe, and America would be willing and ready to supply this today."

(source: Reuters)