China likely to shun US LNG despite multi-billion trade deal
Rystad Energy is expecting LNG trading between the US and China to remain low, despite also predicting that tariffs on trade between the two countries will be removed in the near future.
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Rystad Energy is expecting LNG trading between the US and China to remain low, despite also predicting that tariffs on trade between the two countries will be removed in the near future.
After the signing of a trade deal between Washington and Beijing, Gazprom is hopeful that China will purchase the majority of US-produced LNG cargoes, not Europe.
Texas LNG Brownsville LLC has announced that it has received authorisation from the US Department of Energy to export LNG to non-FTA countries.
NextDecade Corp. has announced that it has received authorisation from the US Department of Energy to export LNG from its Rio Grande LNG facility to non-free trade agreement countries.
New Fortress Energy LLC has announced that it has signed a long-term supply agreement for the purchase of 27.5 million Btu/yr of LNG at a price indexed to Henry Hub through January 2030.
According to Rystad, the Coronavirus is set to slash Chinese LNG demand, however the removal of the US LNG tariff could save the day.
US LNG company share values have declined as China has begun suspending purchases amid weaker demand and record low spot prices.
According to Reuters, an executive at Cheniere has revealed that the company’s sole Chinese contract customer continues to take committed LNG supplies.
Matrix Service Co. has reported financial results for its second quarter of fiscal 2020.
Cheniere Energy, Inc. has announced that Jack Fusco, President and Chief Executive Officer, along with other members of the Cheniere management team, will ring the New York Stock Exchange Opening Bell on 5 February 2020 in celebration of a recent milestone.
According to Reuters, Petronet LNG and Tellurian Inc. are set to sign a deal worth US$2.5 billion during President Donald Trump’s trip to New Delhi, India, this month.
Tellurian Inc. has announced that Cheniere Energy has permanently dismissed all claims against Tellurian, Chairman Charif Souki and Vice Chairman Martin Houston.