China not included in LNG developers marketing
Houston Chronicle:
In the thick of a trade war with China, U.S. LNG developers are looking to other countries in Asia and Europe to take the huge volumes of natural gas flowing from American shale fields, according to a new report by the research firm Inframation.China is likely to find itself out in the cold if it does not settle its trade dispute with the Trump administration. With people already locking up other customers who look to be more reliable China will be left to scape for other suppliers.
They cited Energy Transfer's Lake Charles LNG signing a deal with Korea Gas Corp. And Port Arthur LNG has signed 20-year deals with the Polish utility PGNiG and Saudi Arabai's energy giant Aramco.
"Nobody [in China is] signing contracts right now because of everything that's happening on the political front... nobody can afford to sit still," Inframation quoted one unnamed source as saying.
A new wave of LNG facilities is expected to come online in the United States over the next decade, worth $118 billion, Inframation reported. Of those 14 projects, seven have already received approval from the Federal Energy Regulatory Commission.
...
Comments
Post a Comment