By Rachel Adams-Heard and Ryan Collins (Bloomberg) -- This winter could be a bleak one for America’s natural gas exporters as the fastest-growing buyer of the fuel threatens to halt purchases amid an escalating trade war. PetroChina, a unit of the state-owned China National Petroleum Corp., may suspend its buying of U.S. liquefied natural gas cargoes during the … [Read more...]
Cheniere Signs 25-Yeara LNG Deal with Taiwan’s CPC
Aug 11 (Reuters) - U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Friday it had signed a 25-year deal to supply Taiwan's CPC Corp, which CPC valued at roughly $25 billion. Cheniere said it will sell 2 million tonnes of LNG per year on a delivered basis to the state-owned oil and gas company, starting in 2021. It said the purchase price will be pegged to … [Read more...]
Europe Shows It’s Getting Serious About Buying U.S. LNG
By Anna Shiryaevskaya and Naureen S. Malik (Bloomberg) -- European nations are far behind Mexico and China when it comes to receiving liquefied natural gas from the U.S., but the region is making its biggest effort to date to change that. European Commission trade officials will travel to Washington on Aug. 20 to follow up on an energy agreement last month between … [Read more...]
EU Touts U.S. LNG Imports to Woo Trump on Trade
BRUSSELS, Aug 9 (Reuters) - The European Union said it was delivering on a deal with U.S. President Donald Trump to buy more U.S. liquefied natural gas (LNG) on Thursday but called on Washington to do more to make its prices competitive. In talks to urge Trump to drop hefty new tariffs last month, the EU's chief executive Jean-Claude Juncker agreed to work to increase … [Read more...]
China’s Gas Tariffs Are a Permian-Size Problem: Opinion
By Liam Denning (Bloomberg Opinion) -- Energy dominance sure does seem to come with a hefty dose of self-flagellation. The latest bit of America’s energy sector to feel the over-the-shoulder lash is the liquefied natural gas-export business. On Friday, LNG joined the list of goods that China will hit with tariffs in retaliation for U.S. ones. This is problematic … [Read more...]