Financial times (October 2) reported that the China Yangtze Power International has agreed to buy Peru’s largest electric company Luz del Sur from US-based Sempra Energy for $3.6bn. Announcing the deal, Sempra Energy said it had also agreed to potentially supply China Yangtze’s state-run parent with LNG to “support demand growth in China, including the growth of natural gas power generation”. The deal is the biggest acquisition by a Chinese state-owned enterprise in the Americas since 2015.  

(Comment: Though US and Chinese officials are set to resume trade negotiations in Washington next week, China has not imported any LNG from the US since May, according to Chinese customs data. Instead, it has relied on shipments from other countries including Qatar and Australia, which late last year overtook its Middle East rival to become the world’s top exporter of LNG.)