Trade war cuts U.S. LNG exports to China

(Reuters) by Scott DiSavino – Only one liquefied natural gas (LNG) vessel that left the United States in 2019 went to China, Reuters shipping data show, as the eight-month trade war between the two nations starts to cool. The governments of the world’s two largest economies have been locked in a tariff battle as Washington presses Beijing to address longstanding concerns over Chinese practices around technology transfers, market access and intellectual property rights. The countries are working to achieve a trade deal that matches their interests, including eliminating tit-for-tat tariffs. The only vessel to head to China from the United States this year was the Adam LNG, which left Cheniere Energy Inc’s Sabine Pass export terminal in Louisiana on Jan. 30, according to the shipping data. The data shows a handful of LNG vessels from the United States in the Pacific Ocean, some of which could end up in China. In 2018, 27 LNG vessels went from the United States to China, down from 30 in 2017. Most of those, however, left U.S. ports before the trade war started in mid-2018, with 18 tankers going to China in the first half of the year and just nine during the second… continue reading

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Source: CTRM Center

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