China will raise tariffs from 10% to 25% on imports of liquefied
natural gas (LNG) from the United States starting in June, a
catastrophic shift in the US LNG industry.
The Chinese increase comes In response to Washington's aggressive actions
Two weeks ago, US President
Donald Trump
accused Beijing of blocking trade negotiations and announced a
200-billion-dollar increase in tariffs on Chinese goods.
Trump also promised to expand the procedures to include all
Chinese goods
Beijing responded and fees for US goods have increased by $ 60
billion, including liquefied natural gas (LNG)
LNG market in China, The largest and fastest growing in the world,
According to Carlos Torres-Diaz, head of gas market research at
Rystad Energy, this market will grow by about a quarter this year.
Based on these data, it was decided to launch most of the construction
projects LNG terminals In the United States where a gas plant was recently
opened in Louisiana, including three gas liquefaction lines with a total
capacity of 13.5 million tons per year.
Because of the trade war between the
United States
and China, the world's two largest economies, in the past four months, US
companies exported only 300,000 tons of liquefied natural gas (LNG) to
China, compared with 1.4 million tons exported in the same period last year.

Comments
Post a Comment