Sino-US oil, LNG trade could grow

Analysts and industry players forecast mutually beneficial rise in China imports

Analysts have forecast China could triple both its oil and liquefied natural gas imports from the United States this year, which could offer one solution to cutting the US trade gap and meeting China's energy demand.

"Record-high US oil output and surging demand for gas in China provide a foundation to further boost trade in the long run," Wang Lu, an Asia-Pacific oil and gas analyst at Bloomberg Intelligence.