By Mohammed Aly Sergie (Bloomberg) -- Qatar will generate $40 billion in additional export revenue once it completes its natural gas expansion project in 2024, according to a person with direct knowledge of the matter. Rising income from sales of liquefied natural gas will leave the government with a budget surplus of about $44 billion in 2024, with the bulk of the … [Read more...]
China Sets Tariff On U.S. LNG Just as Exports Ramp Up
Sept 18 (Reuters) - China has set a 10 percent tariff on imports of U.S. liquefied natural gas just as trade of the super-chilled fuel between the two nations started to ramp up and exports from new terminals on the U.S. Gulf Coast are poised to begin. Beijing announced on Tuesday it would tax thousands of U.S. products worth $60 billion in retaliation for tariffs imposed by … [Read more...]
Freeport LNG Signs 20-Year, 2.2 MTPA LNG Supply Deal with Japan’s Sumitomo
U.S.-based liquefied natural gas terminal operator Freeport LNG said it had signed a binding agreement with a U.S. unit of Sumitomo Corp to supply the Japanese company with 2.2 million tonnes of LNG per year for 20 years under a tolling structure (LTA). Freeport LNG owns and operates an LNG terminal on Quintana Island, near Freeport, Texas. The terminal started LNG import … [Read more...]
Trade Spat Threatens U.S. LNG Exporters
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...]