China to contract for $18 billion in LNG shipments from Houston company?

Fuel Fix:
Houston liquefied natural gas company Cheniere Energy is expected to sign an $18 billion LNG supply deal with China, two media outlets are reporting.

Cheniere declined to comment but both The Wall Street Journal and S&P Global Platts report that the Houston company is close to signing a long-term LNG supply deal with China's state-run oil company Sinopec.

The $18 billion deal could be announced as part of a broader US-China trade deal at a summit between U.S. President Donald Trump and Chinese President Xi Jinping at the end of March, the Journal reported.

A Beijing-based Cheniere executive who did not want to be identified told S&P Global Platts that the Houston company has been in talks with Sinopec "for some time" but declined to provide further details about the potential deal.

News of the potential deal comes days after the Federal Energy Regulatory Commission gave Cheniere the green light to put the first production unit at its Corpus Christi LNG unit into service and begin exports.
...
Cheniere has some existing contracts with Chinese companies.  This looks like it will be part of a new trade deal between the US and China that should mark the end of the tariff wars. China has also taken steps to stop Chinese companies from requiring technology transfers as part of transactions with US companies.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more

Bin Laden's concern about Zarqawi's remains

James Robbins: ... Bin Laden suggests that President Bush should allow Zarqawi’s body to be returned to his family in Jordan, but this is a matter that is up to the Jordanian government, which so far has not shown much interest in facilitating a homecoming. Bin Laden mocks King Abdullah II, calling him a Coalition minion, and asking “w hat scares you about Abu Musab after he’s dead? You know that his funeral, if allowed to happen, would be a huge funeral showing the extent of sympathy with the mujahedin.” A large crowd would definitely turn out, though most people would be on hand to demonstrate their anger and disgust. Last November’s hotel bombings in Amman , masterminded by Zarqawi, are still fresh in people’s memory, and mentioning them to Jordanians has the same visceral impact as memory of the 9/11 attacks does here. Jordan has adopted a zero-tolerance policy towards those who choose to mourn the country’s least favorite son, and four opposition members of parliament who paid con
Read more