US-China LNG trade shrunk by trade war
Published by Will Owen,
According to Reuters shipping data, in 2019 only one LNG shipment was dispatched from the US to China. In 2018, 27 vessels carrying LNG were sent, and 30 cargoes were purchased and delivered in 2017.
This data shows the significant damage to LNG trade that has been caused by the 8-month trade dispute between the two countries. Talks are currently being held in an attempt to negotiate a settlement that satisfies both party’s interests, and end the recent chain of ‘tit-for-tat’ tariffs.
The single vessel that did make a delivery to China during the 8-month period of hostilities was the Adam LNG, which left Cheniere’s Sabine Pass export terminal on 30 January.
The latest data shows several LNG vessels from the US positioned in the Pacific Ocean. It has been suggested that some of these vessels could soon be directed to China.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/13032019/us-china-lng-trade-shrunk-by-trade-war/
You might also like
Van Oord receives third dual-fuel dredger
Seatrium Ltd, through its wholly-owned subsidiary, Seatrium New Energy Ltd (formerly Keppel FELS Limited), and Van Oord Ship Management BV marked the successful completion and delivery of Vox Alexia, the third dual-fuel trailing suction hopper dredger.